DOGE (DOGE) has broken through the important resistance level and technical indicators show bullish prospects. Will DOGE reach $0.35 and challenge its previous price range?

After the overnight price increase of Bitcoin, the Dogecoin market has shown significant improvement. With the emergence of a new wave of bullish momentum, DOGE has surged 4.22% in the past 24 hours.

In addition, the market value of 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 through the local resistance trend line that dominated the previous short-term correction phase.

With the breakthrough of the trendline, the rebound of DOGE is now challenging the 38.20% Fibonacci level of $0.3303. In addition, the recovery faces higher price rejection at the 100 EMA of $0.3357.

Currently, the trading price of DOGE is $0.33053, and the short-term recovery has had a significant bullish impact on the 20 EMA line. This moving average is preparing for a bullish crossover with the 50 EMA, indicating a positive momentum.

In addition, the bullish rebound from the demand zone of 0.30 dollars has supported the bullish divergence of RSI. The 4-hour RSI has reached 60.15, ready to enter the overbought area. Therefore, the technical indicator is sending a buy signal for DOGE.