Dogecoin Price Prediction: Can DOGE Hit $0.30 Soon?

Will DOGE Hit $0.30 Soon? Dogecoin Price Outlook

Dogecoin (DOGE) price remains above $0.23 as bullish momentum continues. The cryptocurrency has made close to 40% in the recent past. It is currently experiencing an increasing trend that indicates additional prospects. This has analysts now targeting a potential advance towards the $0.30 level. The upward momentum indicates increasing interest among investors and excellent technical positioning of the current price action on DOGE.

Dogecoin Price Eyes Breakout Amid Bullish Signals

Crypto analyst Ali has suggested that the Dogecoin price reclaiming the $0.25 price level is a critical development for the asset. He emphasized that exceeding this point would start an upward trend, with the resistance above this figure seeming to be insignificant until reaching $0.36.

As per the data he provided in his analysis, it represents a low-activity range between $0.25 and $0.36 of the realized price distribution. 

This implies that the lower the number of holders at that price, the less sell pressure will remain. This gap has the possibility of enabling prices to move liberally in case the buying momentum prevails.

Source: Tweet

If Dogecoin maintains support at $0.26, the analyst believes it could set the stage for a push toward $0.46. The potential rise is based on technical patterns and market behavior observed in recent months.

Dogecoin Reclaims $0.25, Eyes $0.36 Surge

DOGE has regained the $0.25 level, which will be an essential turning point on the market: the coins have changed hands. This level is a major technical milestone by analyst Ali. Glassnode data indicates that there is little resistance above this price, hence there can be a surge to around $0.36.

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The UTXO Realized Price Distribution (URPD) indicates that there has been minimal selling around 0.25-0.36. Such resistance might not come in the way and create an upward steam in case the interest of buyers remains robust.

DOGE Price Eyes $0.3 Resistance Zone?

The DOGE price is trading at $0.239, showing a 5% gain in the past 24 hours as bullish sentiment returns.

Dogecoin has rebounded off the support zone at $0.22 after gaining some upside following a pullback at the resistance zone at $0.30. The buyers are gaining the lead, which is signaled by the current price situated at a higher mark than this threshold.

According to technical indicators, the recent upward trend may continue. The RSI is at 60.96, indicating fresh strength but not an overbought signal yet. This has got a margin of more upward motion without getting tired immediately.

Source: TradingView

The MACD is also favorable of bullishness. MACD line is above the signal line, and the histogram was back to green and indicates the growing momentum.

Dogecoin price faces resistance around $0.25, which previously acted as a psychological ceiling. If bulls break through, the next major targets lie at $0.30 and potentially $0.35. These levels mark key zones of supply where previous rallies stalled.

Failure to reclaim $0.25 however might result in a retest of the $0.22 support. A recovery below that amount may trigger a reversal of momentum in the sense of the bears.