Dogecoin at the Edge of a Massive Explosion: DOGE Price Poised to Surge Above $0.5 If This Trade Plays Out Well

The post Dogecoin at the Edge of a Massive Explosion: DOGE Price Poised to Surge Above $0.5 If This Trade Plays Out Well appeared first on Coinpedia Fintech News

The bullish start of 2025 has been witnessed among some of the popular cryptos, like Dogecoin, which has surged above the pivotal range. With this rise, the price seems to have triggered a decent recovery from the interim support range between $0.30 and $0.31; the token has surged beyond the bearish pattern. Therefore, the DOGE price is believed to maintain a consolidated ascending trend and reach the next resistance between $0.41 and $0.42. 

The memecoin space has again jumped into action with popular ones like PEPE, WIF, BONK, and SHIB, along with DOGE, whose price has gained immense strength. This suggests the tokens are preparing for the next bullish spell with the DOGE price gaining centre stage. The top memecoin has gained strong bullish momentum after breaking the consolidation at $0.329 and moving upward after testing $0.33.

The DOGE price re-tested the broken EMAs, where one can expect to see a rejection. However, if the price manages to cross a certain range, the bearish thesis may be invalidated 

As seen in the above chart, the DOGE price has surged above the descending trend line that it held since the second fortnight of December. Besides, the MACD indicates a drop in the selling pressure, with the levels about to undergo a bullish crossover along with the DMI levels. This suggests the trend is about to flip with the resurgence of the bullish trend. However, a rise beyond the interim resistance zone above $0.36 may validate the start of a fresh bullish trend. 

After surging above the pivotal range, there could be some possibility of a small pullback below $0.35. Meanwhile, a rise above this level may pave the way for the token to rise above $0.41 and secure above the range around $0.42; a rise to $0.5 could be imminent. However, if the Dogecoin price manages to sustain above the range, then it could eventually rise above the current ATH and reach $1 during the first half of 2025.