Dogecoin Surges Past $0.19, Bulls Target New Highs Above $0.22 Mark

3 days ago 19

March 27, 2025 by Kashif Saleem

Dogecoin surged 18% in three days, topping $0.19 with strongest weekly return of 2025.
Ali Martinez highlights $0.177 as key support and $0.207 as major resistance based on UTXO data.
Rekt Capital sees $0.22 as pivotal level; TradingShot eyes $0.8 breakout target if momentum holds.

Dogecoin has clawed back into the spotlight, posting an impressive 18% gain in just three days. After hovering around $0.19, the cryptocurrency now holds steady above that level, scoring its highest weekly return of 2025. With over 12% growth in the last seven days, Dogecoin is the best performer among the top 30 cryptos by market value, reigniting talks of a fresh breakout.

March’s final days saw renewed momentum for Dogecoin, something not seen since the end of 2024. Analysts are now zeroing in on specific levels that could decide whether this upward push continues or fizzles out.

Ali Martinez, a well-followed crypto analyst, pointed to data from the UTXO Realized Price Distribution chart showing a strong buying base around $0.177. According to Martinez, over 11.89 billion DOGE were moved at that price, making up 8.01% of total UTXOs. This sets $0.177 as a key support zone that may keep DOGE grounded if volatility kicks in again.

Key Resistance Levels for Dogecoin

Martinez added that $0.207 acts as a near-term ceiling. At that price point, 10.45 billion DOGE changed hands—roughly 7.04% of all UTXOs—making it a significant barrier. If Dogecoin breaks through this line, it could spark a rush of buying from traders waiting on the sidelines.

Another analyst, Rekt Capital, flagged $0.22 as a critical pivot. He calls it the “green zone of Pre-Halving highs” and believes closing above it on the weekly chart might mark a shift in market control back to the bulls. He shared this insight on March 26, emphasizing that the recent dip under $0.22 could simply be a “downside deviation”—a short-term misstep rather than a complete reversal.

Rekt Capital also noted that price wicks around $0.20 and $0.22 suggest volatility is still strong. If DOGE holds above these levels, especially through weekly candle closes, it could point to renewed strength and interest from buyers.

Will Dogecoin Break Its All-Time High?

Crypto trader TradingShot is even more bullish. He believes Dogecoin may be forming the early stages of a major breakout. In a recent post, he stated the price is now pushing past a “Lower Highs” trend line that began on January 18. According to his chart, the target sits at $0.8, which would break the current all-time high of $0.73.

TradingShot highlighted that Dogecoin’s natural resistance lies near the 1-day moving average of $0.3. But he argued that since the daily RSI is climbing and the price recently rebounded from the bottom of a 1-year ascending channel, the market might be on the verge of entering a sharper bullish leg.

If it simply repeats the previous bullish leg, he said, Dogecoin could top the channel and set a new high. He added that this new wave may be “more aggressive” than before, reflecting how bull runs typically build momentum as they progress.

Rekt Capital remains cautious yet optimistic, noting that if DOGE can close a weekly candle above $0.22, buyers may take charge and drive prices higher. He identified $0.28 and $0.338 as the next major resistance targets. These levels, drawn from his technical chart, serve as markers that could determine how far Dogecoin’s current strength can stretch.

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