Dogecoin (DOGE) Rally In Sight—But This Resistance Must Break First

Dogecoin is consolidating above the $0.2420 support zone. DOGE price could surge if it settles above the $0.280 resistance zone.

Dogecoin Price Aims Key Upside Break

In February 2025, Dogecoin price saw a steady decline below the $0.30 support zone. There was a move below the $0.280 and $0.2650 support levels. The price even dived below $0.220 before the bulls appeared.

Later, there was a recovery wave and the price was able to settle above the $0.240 pivot level. The price surpassed the 23.6% Fib retracement level of the downward wave from the $0.4336 swing high to the $0.2020 low.

Dogecoin is now consolidating above the $0.240 level, like Bitcoin and Ethereum. However, it is still well below the 50-day simple moving average and $0.30.

If the bulls remain active, they might aim for a fresh increase. Immediate resistance on the upside sits near the $0.2650 level. There is also a connecting bearish trend line forming with resistance at $0.2650 on the daily chart.

The first major resistance is near the $0.280 level. A clear move above the $0.280 resistance could set the stage for a strong increase. The next key resistance sits near the $0.3180 zone and the 50-day simple moving average. It is close to the 50% Fib retracement level of the downward wave from the $0.4336 swing high to the $0.2020 low.

If there is a close above the $0.3180 zone and the 50-day simple moving average, the price could accelerate higher toward $0.3450. Any more gains might send DOGE price toward the $0.380 level in the coming days.

Another Rejection for DOGE?

Conversely, Dogecoin might fail to surpass the $0.2650 resistance or $0.280. In the stated case, the price could start another decline. Immediate support on the downside is near the $0.2420 level. The first major support is near the $0.240 level, below which the price might drop and test $0.220.

The next major support sits at the $0.2020 level. If the bulls fail to defend the $0.2020 support, the price might drop toward $0.1840 or even $0.1650 in the medium term.

Overall, DOGE is consolidating above $0.2420 and $0.240. To start a decent increase, DOGE must surpass the $0.2650 and $0.280 resistance levels in the near term. If not, it could revisit the $0.220 support.

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