The crypto market never sleeps, and neither does Dogecoin (DOGE). The original meme coin, once dismissed as a joke, is back in the spotlight as technical analysts spot a promising pattern that could signal another bullish run. With DOGE currently hovering around 0.174,tradersareeyeingapotentialbreakouttoward0.174,tradersareeyeingapotentialbreakouttoward0.197—or higher.
Why the Ascending Triangle Matters
For those new to technical analysis, an ascending triangle is a bullish chart pattern characterized by a flat upper resistance line and a rising lower trendline. This setup typically indicates that buyers are gaining strength, and a breakout above resistance could lead to a significant price surge.
On March 24, 2025, crypto analyst CobraVanguard highlighted this pattern forming on DOGE’s daily chart, suggesting that the coin is gearing up for a move. “The consolidation has been tightening, and the higher lows show accumulation,” the analyst noted. “A decisive close above 0.180couldconfirmthebreakout,with0.180couldconfirmthebreakout,with0.197 as the initial target.”
Historical Precedents for Dogecoin
This isn’t the first time DOGE has followed technical patterns to dramatic results. In early 2021, a similar setup preceded its meteoric rise to an all-time high of $0.73. While past performance doesn’t guarantee future results, the meme coin has repeatedly proven its ability to defy skeptics.
What’s different this time?
- Increased institutional interest: More trading firms are listing DOGE futures.
- Stronger community backing: Despite newer meme coins emerging, DOGE retains a loyal following.
- Macro trends: A potential Fed rate cut later in 2025 could boost risk assets like crypto.
Key Levels to Watch
For traders, the immediate focus is on these critical price zones:
- Support: $0.165 (previous swing low)
- Resistance: $0.180 (upper boundary of the triangle)
- Breakout Target: $0.197 (CobraVanguard’s near-term projection)
If DOGE clears 0.180convincingly,thenextpsychologicalbarriersitsat∗∗0.180convincingly,thenextpsychologicalbarriersitsat∗∗0.20**—a level that could trigger FOMO (fear of missing out) among retail traders. Beyond that, the 2024 high of $0.227 becomes a feasible mid-term goal.
Risks and Considerations
While the setup looks promising, crypto markets are notoriously volatile. Potential hurdles include:
- Bitcoin’s influence: If BTC faces a pullback, altcoins like DOGE could follow.
- Low liquidity periods: Thin trading volumes can lead to false breakouts.
- Regulatory news: Any sudden crackdowns on meme coins might spook investors.
The Bigger Picture: Meme Coins in 2025
Dogecoin’s potential resurgence raises questions about the broader meme coin sector. Competitors like Shiba Inu (SHIB) and Bonk (BONK) have also seen renewed interest, but DOGE’s first-mover advantage and Elon Musk’s occasional endorsements keep it at the forefront.
Could 2025 be the year of the dog—again? If the ascending triangle plays out as expected, DOGE might just have another trick up its sleeve.
Final Thoughts
For now, traders are watching the charts closely. A breakout above $0.180 with strong volume could validate the bullish thesis, while a rejection might lead to further consolidation. Either way, Dogecoin continues to prove that in crypto, the underdog can still have its day.
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