Overview of the main elements:
- DOGE breaks a key resistance after months in a downward channel.
- Analysts estimate that there is an increase of an increase of 175 % to $ 0.50.
- The bullish feeling and the technical structure favored the pursuit of gains.
The course of Dogecoin (DOGE) has found vigor by freeing itself from a downward trend of several months. Analysts believe that the asset is starting an upward trend. The technical patterns indicate a possible increase in the price of 175 %.
Dogecoin breaks resistance: the bullish reversal announces a significant price increase
DOGE is evolving in a parallel channel descending for several months. According to a graph shared by analyst Marzellcryptto, Dogecoin has exceeded the upper resistance line of this channel.
Such an evolution is generally considered to be a passage from a downward dynamic to an upward dynamic. The structure now promotes higher price objectives if this break is maintained.
The rebounds passed from the lower limit of the canal confirmed support, and the current rupture suggests a reversal. Marzell indicates that the configuration of the Dogecoin reported a potential increase of 175 %. The target range is estimated between $ 0.48 and $ 0.50.
The projection is based on the historical price action and the size of the previous channel. One of the main characteristics of the graph is the possibility of testing the breakdown zone before any prosecution again. This rupture-rast-muschema is often observed in cryptographic markets and supports a sustained bullish movement.
A multi -year scheme signals phase 3 of expansion
Tatrader_alan identifies three stages in the long -term tendency of Doge. It is the accumulation, preparation for rupture and expansion. According to the graph, the current rupture suggests that DOGE has entered phase 3.
Each price cycle begins with step 1 of historical consolidation of the market, leading to a neutral price movement. Dogecoin completed its 2025 consolidation period, exceeding its horizontal and diagonal resistance lines. This generally indicates phase 2.
Exponential price movements traditionally occur during phase 3. During this phase, increases in past price has been substantial.
A new technical assessment suggests that a new rally could push the price above $ 1 if the dynamics continue. This scheme reflects the structural symmetry observed in the previous bullish cycles.
Dogecoin price analysis: the upper dynamic remains strong
According to the analysis of trader data, DOGE posted upward specifications over its 4 -hour period. The price remains above the key support area between $ 0,1650 and $ 0,1720.
This stability suggests the continuation of the upward dynamics. This area was an essential rebound area on multiple times.
The continuous model of growing lower points on the entire graph supports future upward trends. Analytical data show that Dogecoin could reach $ 0,2150, its next resistance limit. A break in the support area would have a negative impact on the bullish forecasts.
The upward prospects for the DOGE price continue if the market values remain above 0.1650-0.1720 $. The market observer expects that a new increase phase begins when the price will establish a lasting position above $ 0.1770.
Data on funding rates reflect a bullish feeling
Coinglass financing rate data shows evidence that corresponds to the upper market prospects. Since mid-April, Dogecoin Oi-Weighted Funding Rate has maintained positive trends in its data.
Services using digital currencies hesitate to maintain long positions. They bear additional costs in digital currency to maintain these purchases.
Market conditions have become increasingly optimistic due to the persistence of positive financing rates. The green status of the funding rate indicates that long -term traders are the main group in the feeling of the market.
The upward trend of the yellow line indicates that feeling corresponds to the real market performance.
Market interest in purchases remains high when financing rates remain positive and prices increase up over an extended period. The current scenario corresponds to this condition, which affects the DOGE.
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