Dogecoin Ready to Explode: Surpassing 0.27 USD Will Trigger a ‘Crazy’ Price Rise?

The bullish momentum of Dogecoin is putting pressure on short positions as the price heads towards a key resistance level of $0.27. A successful breakout above this level could trigger a strong multi-phase bullish rally, opening the door for higher targets and new market excitement. DOGE/USDT Breaks Through Resistance Level 0.2533 USD With Strong Confidence In a recent update on X, GemXBT emphasized that DOGE/USDT is showing a bullish trend after breaking through the important resistance level of $0.2533 with strong momentum. This breakout signals new buying pressure as the price surpasses the previous resistance level. This move indicates that the buyers are regaining control and may be preparing for the next rally if the momentum is maintained.

According to the update, the 5-day moving average (5MA) has crossed above both the 10-day and 20-day moving averages. Such crossovers often reinforce the continuation of the bullish trend, especially when supported by other confirming indicators. The trading volume is also increasing along with the bullish trend. The more active trading at high price levels indicates that demand is rising, further reinforcing the reliability of the bullish trend. The combination of technical strength and this trading volume supports Dogecoin's potential for sustainable growth. However, GemXBT also notes that the Relative Strength Index (RSI) is approaching overbought levels, while the MACD is showing positive divergence. These conditions suggest that there is still bullish potential, but also warn of the possibility of a short-term pullback. Cup & Handle Nổi Lên: Tín Hiệu Bullish Chuẩn Mực Cho Dogecoin Looking at the daily chart, RISK emphasizes that Dogecoin is forming a classic cup-and-handle pattern, one of the most reliable bullish patterns in technical analysis. After a deep and rounded recovery from the lows in June, the price is once again testing the resistance area of 0.27 dollars, a level that has repeatedly halted previous bullish attempts. The handle part of the pattern is forming with controlled pullbacks and decreasing trading volume. This behavior often signals that sellers are gradually losing momentum while buyers are quietly building positions. Such consolidation typically occurs before a breakout, when the market transitions from profit-taking to new buying pressure. If DOGE breaks through and closes above the resistance zone of $0.27, the technical structure indicates that the bullish momentum could accelerate significantly. In this case, the bullish target may extend to $0.31, then $0.39, and possibly $0.50 or higher as trader confidence increases. Currently, the overall outlook remains optimistic as long as the higher lows on the chart are maintained. With the breakout scenario still in play, Dogecoin is predicted to experience a strong bullish trend if buying pressure pushes the price past the important resistance level of 0.27 dollars.