- DOGE jumps nearly 5% to $0.2235 after news of a U.S. policy allowing crypto in 401(k) plans.
- Analyst Ali Martinez highlights DOGE’s position in a historic buy zone tied to past bull runs.
- Strong volume and bullish technicals hint at a possible push toward $0.25 or higher.
Dogecoin (DOGE) is back in the spotlight, trading around $0.2235 with a hefty 24-hour volume of $5.53 billion and a market cap of roughly $34.25 billion. That’s a 4.82% jump in just a day — a move that’s got traders buzzing again about the meme coin’s upside. The spark? Reports that former President Donald Trump signed an executive order allowing cryptocurrencies and other non-traditional assets to be included in 401(k) retirement plans, potentially opening a much bigger market for digital assets.
Key Buy Zone Signals Possible Breakout
Analyst Ali Martinez has flagged DOGE’s current position inside a long-standing ascending channel — the same technical setup seen before the explosive rallies of 2017, 2021, and early 2023. History suggests this zone often precedes sharp upside moves. Right now, DOGE is holding steady above the $0.20 psychological floor, a level many traders see as make-or-break for momentum.
Trading Volumes Stay Hot, Outlook Stays Bullish
Market watchers point to strong volume as a key sign that buyers are still in control. Unless broader macro conditions sour, the short-term target of $0.25 is looking reasonable, with some optimism for even more upside if momentum accelerates. That said, a small cooling-off period could be on the cards in the coming days — natural in any rally.
Bigger Picture: DOGE Primed for Another Run
With technicals lining up, historical patterns repeating, and a fresh wave of policy-driven optimism, Dogecoin might just be laying the groundwork for its next big breakout. While short-term fluctuations are inevitable, the chart structure and sentiment together lean heavily toward a bullish continuation.
