Key Highlights
- DOGE surged 16% last week, crossing the $0.23 threshold.
- The leading memecoin could potentially reach the psychological barrier of $0.30 if bullish momentum continues.
DOGE Surpasses $0.20 and Aims for New Heights
DOGE, the native currency of the Dogecoin ecosystem and the top memecoin, has performed exceptionally well over the past week, increasing its value by 16% and surpassing the $0.20 mark.
As of the latest reports, DOGE trades at $0.2344, and it may hit the $0.30 mark for the first time since February 2025. This rally coincides with significant gains in the broader cryptocurrency market recently.
Bitcoin, the leading cryptocurrency by market capitalization, reached the $122,000 mark earlier today after gaining 3% over the weekend. Meanwhile, Ethereum surpassed $4,300 for the first time in four years, eyeing its all-time high price of $4,891.
DOGE Targets $0.30 Amid Rising Momentum
The leading memecoin may continue its rally as bullish sentiment engulfs the broader market. The four-hour chart for the DOGE/USD pair shows a bullish outlook, suggesting that traders are preparing to drive the price higher.
The MACD lines have entered positive territory, and the RSI at 66 indicates that buyers are currently in control of the market. If market momentum persists, the DOGE/USD pair could breach the first major resistance level at $0.2865 within the next few hours or days. A sustained bullish run may allow DOGE to exceed the $0.30 barrier for the first time since February 2025.
However, the market may show signs of exhaustion, potentially leading to a bearish trend. Should this occur, DOGE may retest the first major support level and its TLQ 4H at $0.2208. Failing to maintain this support level could result in DOGE continuing to slide towards the break of structure (BOS) around $0.2098.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
