Dogecoin breaks the 3-month trend line, surging 9.47%

Dogecoin has broken a three-month downward trend line, indicating a shift in market sentiment. The price of Dogecoin surged 9.47% in the past 24 hours, reaching $0.2032, demonstrating strong upward momentum. Breaking through key resistance levels suggests a bullish trend may emerge in the near future.

Currently, Dogecoin is breaking through a downward trend line that has suppressed the cryptocurrency's rise since January 2025. This shift marks a significant development for this popular digital asset, indicating potential momentum in the market. In recent months, Dogecoin has been in a bearish mode, but the recent price movements suggest that a reversal may be underway.

Take a look at Dogecoin's recent price movements.

According to trader Tardigrade's observations on X, Dogecoin's price has been declining since early 2025, forming a downward trend line. During this time, the digital asset has failed to break key resistance levels. 

However, trading data indicates that Dogecoin is now showing signs of breaking free from this downward trend, potentially bringing a bullish outlook in the near future. Breaking this downward trend line could signify a shift in market sentiment. If Dogecoin can maintain its upward trajectory, it may reach new price levels not seen since early 2025.

Current market trends for Dogecoin

According to data from CoinMarketCap, it is noteworthy that Dogecoin's price has risen by 9.47% in the past 24 hours, reaching $0.2032. The market cap is $30.2 billion, with a trading volume of $2.01 billion, and an increase of 24.97%. Dogecoin's circulating supply is 148.58 billion DOGE, equal to the total supply. The fully diluted valuation (FDV) of the token also remains at $30.2 billion.

On the price chart, Dogecoin shows a clear upward trend, with a notable increase around 3:00 PM on March 26, 2025. At that time, the price hit $0.2035. Throughout the day, trading volume remained steady, with a slight increase during the upward movement. The chart reflects a significant surge in Dogecoin's price, marking a clear upward trend in the market within 24 hours.