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Dogecoin has catapulted the market into the new year, achieving a staggering 25% move in just the first few days of 2025. The meme, known for its passionate community and historic highs, has joined the broader market rally that many crypto assets are currently experiencing. . Enjoy.
Senior Analyst Bluntz recently shared a technical analysis of X, highlighting that after such a rally, Dogecoin is now showing undeniable reckless behavior once again. According to Pluntz, the price action suggests that DOGE may be poised for further gains if it manages to break through critical supply levels.
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The next few days will be pivotal for Dogecoin as it navigates this new momentum. Investors are closely watching whether the memecoin is able to sustain its rally and test the next resistance levels. If successful, Dogecoin could continue its upward trajectory, reigniting the excitement of its most bullish phase.
With market sentiment turning optimistic and technical indicators pointing to strength, Dogecoin is once again attracting attention as a potential leader in the altcoin space. Will DOGE maintain this momentum and surprise the market, or is this just another short-lived blowout? All eyes are on Dogecoin in the coming days.
Dogecoin is preparing for a big move
Dogecoin’s impressive rally yesterday has reignited excitement among investors and traders. The meme has proven its ability to make rapid upward movements, and this latest activity may be just the beginning of something bigger. Analysts are now speculating whether Dogecoin can regain its former glory and reach new heights.
Senior Analyst Plantz Share technical analysis on XPointing out that Dogecoin now looks undeniably reckless. This shift in behavior comes after DOGE rose above crucial demand levels, indicating strong buying interest. According to Blontz, this momentum could push Dogecoin towards the $0.50 mark – an important psychological and technical level.
For this scenario to unfold, Dogecoin would have to clear the supply around the local highs. Moving beyond these resistance areas could pave the way for a significant rally, which could reverse its more explosive moves than previous market cycles. However, achieving this will require continued support from the broader market and sustained interest from the specialist community.
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The next few days will be crucial for Dogecoin as it tests these levels. If the bullish momentum continues, DOGE could lead the altcoin space once again, reminding the market of its unparalleled ability to surprise even the most experienced traders. All eyes are on Dogecoin as it aims to break above $0.50.
DOGE test to critical level
Dogecoin is currently trading at $0.38, caught by a wave of bullish price movement since the beginning of the year. After gaining momentum and rising more than 25% in recent days, DOGE is now testing a critical resistance level that could determine its short-term trend.
The $0.40 mark has emerged as a major barrier for Dogecoin. If the meme can break through this level and consolidate it as a support level, it could spark a new bullish rally. Analysts expect that such a breakout would open the door for DOGE to retest its local highs and perhaps aim higher, with the $0.50 mark within reach.
However, failure to break above this critical level could cause Dogecoin to consolidate around its current range. This period of indecision could last for several weeks as the broader market waits for confirmation of DOGE’s next move.
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The days ahead are crucial for Dogecoin as it navigates this pivotal moment. Traders and investors will be closely monitoring price action to determine if the recent bullish momentum can sustain itself and push DOGE into a new phase of growth.
Featured image by Dall-E, chart from TradingView
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