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DOGE (DOGE) has broken through the important resistance level and technical indicators show a bullish outlook. Will DOGE reach $0.35 and challenge its previous price range?
Following the overnight rise in the price of Bitcoin, the meme coin market has shown a significant improvement. With the emergence of a new wave of bullish momentum, DOGE has surged by 4.22% in the past 24 hours.
In addition, the market value of the meme coin has once again surpassed the $100 billion mark. With the rebound breaking through the key resistance level, will the bull market of 2025 arrive?
DOGE Price Analysis:
On the 4-hour chart, the price of DOGE shows a bullish recovery from the demand zone at $0.30. The recovery has broken the local resistance trendline that dominated the previous short-term correction phase.
With the breakthrough of the trend line, DOGE's rebound is now challenging the 38.20% Fibonacci level of 0.3303 US dollars. In addition, the recovery faces a higher price rejection of 100 EMA at 0.3357 US dollars.