The Dogecoin price appears to be breaching one of its strongest resistance levels at $0.255, which has held since February 2025. The price action suggests that a successful breakout could not only pave the way for strong upside momentum but also attract a significant number of investors who have been waiting for a clear direction.
Dogecoin Price Momentum and Prediction
Looking at the current price action and overall market structure, crypto experts and analysts are making bold predictions. The most common prediction circulating on X (formerly Twitter) is that Dogecoin price could climb to $1.
Amid this, a user on X shared that DOGE’s monthly chart suggests it could rise back to the $0.40–$0.45 range, which seems achievable this time.
He further stated that if the monthly RSI breaks through the downtrend line, that’s when we can start talking about higher, more aggressive targets. However, from the current price level, the predicted Dogecoin target represents a 70% upside.
At press time, Dogecoin price stands at $0.2543, having climbed over 4% in the past 24 hours. Despite this modest price surge, trading volume has dropped by 40% during the same period, indicating that investors and traders might be waiting for a clear breakout.
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Bullish On-Chain Metrics
However, investor and trader activity has turned bullish, as they have begun accumulating and placing bets on the upside, according to the on-chain tool Coinglass.
Over the past 24 hours, nearly $8.50 million worth of DOGE has left exchanges, hinting at potential accumulation.
Meanwhile, large transaction volume, typically associated with whales, has also surged by 35%, according to the on-chain tool IntoTheBlock.
Traders are currently overleveraged between $0.2476 on the lower side and $0.2593 on the upper side, with $42.86 million worth of long positions and $32 million worth of short positions. This clearly indicates that bulls are dominating over bears.
Dogecoin (DOGE) Technical Analysis and Key Levels
According to expert technical analysis, Dogecoin price is in an uptrend and is currently approaching a key resistance level at $0.255, a level with a strong history of price reversals.
Since February 2025, Dogecoin price has tested this level multiple times but faced selling pressure and significant price drops each time. However, this time, the sentiment is different, the market trend is different, and trader and investor activity is different, suggesting that history may not repeat itself.
Based on recent price action, if DOGE breaches this key resistance and closes a daily candle above $0.255, a potential price surge of 22% could follow. If this occurs, the meme coin could reach the $0.315 level.
However, DOGE’s Relative Strength Index (RSI) is currently at 81.91, indicating that the asset is in overbought territory. This suggests a higher likelihood of a price correction until the RSI cools down.
At press time, Dogecoin price trades above the 200-day Exponential Moving Average (EMA) on the daily timeframe, indicating sustained bullish momentum and strong support for the ongoing uptrend.
