- Dogecoin surged 18% last week, testing key resistance at $0.20, with $0.21 seen as the breakout trigger.
- Analysts eye a potential 55% rally to $0.31 if volume supports a move past $0.21; $0.177 remains key support.
- Whale buys and technical indicators (RSI, MACD, SuperTrend) all suggest bullish momentum is quietly building.
Dogecoin’s been on a bit of a heater lately. The price shot up by 18% over the past week, touching $0.1965 on March 26. Not bad for a coin that started as a joke, huh?
This was DOGE’s strongest week so far in 2025—haven’t seen gains like that since late December last year. Analysts say the breakout wasn’t just random luck. It came right after DOGE rejected a long-term downtrend line. That’s a big deal for chart watchers.
DOGE Hits a Wall at $0.20—But It’s Eyeing $0.31
Right now, DOGE is bumping its head against $0.20—a level where around 7% of its total supply is sitting, according to Glassnode data. That’s a pretty thick wall of resistance. Basically, a lot of folks bought around there and might want to cash out.
Glassnode tracks this stuff using something called the URPD (Unrealized Price Distribution), and their data shows the next major cluster of supply sits at $0.31. If DOGE can push past $0.20 with strong volume? That opens the door for a 55% jump. Fast.
Their advice?
“WATCH FOR BREAKOUT MOMENTUM IF VOLUME PICKS UP.”
Simple enough.
Support at $0.177 Is Holding—But $0.21 Is the Real Test
Analyst Ali Martinez pointed out that DOGE’s key support sits at $0.177. So far, it’s held. On the upside, he’s watching $0.207 as the next resistance. He’s made it clear—if DOGE can push and hold above $0.21, that’s when things could really flip bullish.
Also, there’s this indicator called the SuperTrend. Once DOGE breaks $0.21, it flips bullish too, according to Martinez. So yeah… that $0.21 level? Pretty important.
Wait… Is That a Cup-and-Handle on the Chart? 👀
Another trader, @TATrader_Alan, sees something even bigger forming. A cup-and-handle pattern on the weekly chart. For those not deep in TA: that’s usually a bullish setup. And in Alan’s world, if this plays out, DOGE could—wildly enough—make a run toward $5.00 down the road. Yeah, five bucks. Big “if,” but hey… crypto moves fast.
Long-Term Trendline Re-Tested—That’s Big
Then there’s @AMCryptoAlex, who pointed out that DOGE recently came back down to test its long-term support trendline. He called it a “vital technical occurrence.” Historically, every time DOGE hits that trendline and bounces? A major rally tends to follow.
Traders Are Getting Back In—OI and RSI Look Bullish
Open Interest (OI) for DOGE is climbing—up 3.25% in the last 24 hours. It’s sitting around $961 million now. That means more traders are opening positions, which usually signals rising interest.
The RSI (Relative Strength Index) is at 52.67. That’s basically neutral—but leaning just a bit bullish. Not overbought, not oversold. Just… waiting for confirmation.
CVD (Cumulative Volume Delta) is also up—152.31 million. That shows buying pressure is building. Oh, and the MACD? Still bullish. Histogram looks steady, with barely any momentum loss.
House of Doge Makes a Move—10M DOGE Bought for Reserve
One more thing that may have helped fuel the rally: the House of Doge announced on March 24 they’re building a DOGE reserve. They said they purchased 10 million DOGE (that’s over $1.9M at current prices) to boost liquidity and stabilize the market.
They haven’t moved the tokens yet but said the reserve wallet address will be published soon for transparency. The market liked the move—DOGE’s price bounced right after the news.
What Now? All Eyes on $0.21
Bottom line: it’s all about volume. DOGE needs to break $0.21—with power—to trigger the next leg up. If it does? Analysts say we could see a push to $0.31, maybe even $0.50 after that.
As Ali put it:
“DOGE COULD ENTER A BULLISH PHASE UPON BREAKING THE $0.21 RESISTANCE.”
At the time of writing, DOGE is at $0.1942, down a bit (0.84%) in the last 24 hours. Nothing dramatic. Just… holding steady. Momentum’s building, but the real move hasn’t happened yet.
Could be soon.
