- Dogecoin broke above a year-long trendline from June 2023, signaling a potential shift in long-term market direction.
- A confluence zone near $0.217 is holding as support, with a retest likely to define momentum toward the $0.30–$0.45 range.
- Short-term charts confirm a bullish breakout above $0.230 with volume support, as buyers eye $0.270 and $0.30 resistance levels.
Dogecoin is showing signs of bullish continuation after breaking from long-standing resistance levels. Market participants are tracking support zones and key reaction points as confirmation levels take shape.
Breakout Structure Aligns with Long-Term Trend Support
Dogecoin’s chart reflects a multi-phase transition from downtrend resistance to ascending trend support. Analysts have noted increasing price structure consistency, aligning with bullish setups seen in previous market cycles.
Tracking price behavior on the weekly timeframe, Marco Polo highlighted a year-long trendline holding since June 2023. He noted that Dogecoin has printed steadily higher lows throughout this period. According to Marco Polo, the breakout from the falling wedge marks a significant shift in trend.
Marco Polo also pointed to the potential retest of this zone. He suggested that holding this level could open the path toward $0.30 and higher targets. According to his projection, if DOGE reclaims the $0.25 range, resistance could shift to $0.35 and then $0.45.
Volume analysis revealed to him a pattern of surges during breakout rallies. Marco observed that the current volume remains muted, signaling a consolidation phase. However, he emphasized that historical reactions suggest a strong move may follow once volume returns.
Short-Term Chart Confirms Breakout Momentum
Crypto Pirates has provided additional insights on Dogecoin’s breakout from a shorter-term perspective. His analysis focuses on the 4-hour timeframe, identifying a shift from bearish consolidation to bullish breakout.
Observing market trends, he noted DOGE traded within a descending channel between $0.2100 and $0.2500. The recent breakout above the upper boundary coincided with a spike in volume. According to Crypto Pirates, this indicates renewed buyer strength. He also emphasized that the breakout candle closed clearly above resistance. This confirmed the bullish intent behind the move. If DOGE holds above $0.2300, he added, the breakout remains intact.
Support at $0.2100 continues to provide stability during pullbacks. Crypto Pirates stated that the next upside target is $0.2700, aligning with recent highs. He suggested a strong daily close could signal continuation toward the projected $0.30 level. This short-term momentum complements the broader structure identified on the weekly chart.
