This article is available in Spanish.
Dogecoin has jumped into the New Year market rally, making an impressive 25% move in the first few days of 2025. The meme coin, known for its enthusiastic community and historic gatherings, has joined the broader market boom that many crypto assets are currently experiencing. enjoy.
Top analyst Bluntz recently shared a technical analysis on According to Bluntz, the price action suggests that DOGE could be setting itself up for further gains if it manages to breach critical supply levels.
Related reading
The coming days will be crucial for Dogecoin as it navigates this new momentum. Investors are keeping a close eye on whether the meme coin can sustain its rally and test its next resistance levels. If successful, Dogecoin could continue its upward trajectory, reigniting the excitement of its most bullish phases.
As market sentiment turns bullish and technical indicators point to strength, Dogecoin is once again attracting attention as a potential leader in the altcoin space. Will DOGE keep this momentum going and surprise the market, or is this just another short-lived burst? All eyes will be on Dogecoin in the coming days.
Dogecoin is preparing for a big step
Dogecoin’s impressive rise yesterday is creating new excitement among its investors and traders. The meme coin has shown that it can make rapid upward moves, and this recent activity could be the start of something bigger. Analysts are now speculating whether Dogecoin could regain its former glory and reach new heights.
Top analyst Bluntz shared a technical analysis on Xnoting that Dogecoin now looks decidedly impulsive. This change in behavior comes after DOGE surged above crucial demand levels, indicating strong buying interest. According to Bluntz, this momentum could push Dogecoin towards $0.50 – a significant psychological and technical level.
For this scenario to happen, Dogecoin needs to clear supply around local highs. Breaking through these resistance zones could pave the way for a substantial rally, potentially mirroring the most explosive moves from previous market cycles. However, achieving this will require continued support from the wider market and sustained interest from the dedicated community.
Related reading
The next few days will be critical for Dogecoin as it tests these levels. If the bullish momentum continues, DOGE could once again take the lead in the altcoin world, reminding the market of its unparalleled ability to surprise even the most seasoned traders. All eyes are on Dogecoin as it aims to breakout above $0.50.
DOGE tests a crucial level
Dogecoin is currently trading at $0.38 and has been riding a wave of bullish price action since the start of the year. After gaining momentum and rising more than 25% in recent days, DOGE is now testing a critical resistance level that could determine its price in the near term.
The $0.40 barrier has emerged as a major barrier for Dogecoin. If the meme coin manages to break above this level and establish it as support, it could trigger another bullish rally. Analysts predict that such a breakout would open the door for DOGE to retest its local highs and possibly aim for even higher targets, with the $0.50 mark within reach.
However, if Dogecoin fails to rise above this critical level, it could consolidate around its current range. This period of indecision could last several weeks as the broader market awaits confirmation of DOGE’s next move.
Related reading
The coming days are crucial for Dogecoin as it navigates this pivotal moment. Traders and investors will be watching the price action closely to determine if the recent bullish momentum can sustain itself and propel DOGE into a new growth phase.
Featured image of Dall-E, chart from TradingView
