DOGE Can Rise 154% After Breaking Through $0.22

Dogecoin is targeting a major breakout towards $0.47 after forming a bullish structure in a long-term descending channel. As of May 2, 2025, DOGE is trading near $0.1895 and appears to be testing key resistance levels outlined in a recent analysis by Rose Premium. The chart indicates a potential bullish surge of over 154% if the bullish momentum confirms a breakout above $0.22.

The DOGE/USDT pair is still within a clearly defined downtrend channel that has lasted for several months. However, the chart shows many reactions at the lower boundary, indicating a strong base is forming near the $0.06–$0.07 area. The current setup outlines potential long-term entries at $0.181 and $0.220, with consecutive targets at $0.26, $0.32, and $0.47. This expected move aligns with the breakout scenario commonly seen in wedge or channel patterns. The price seems poised to break out of the descending pattern, leading analysts to predict a bullish push if volume and confirmation follow. Set up Reverse Opportunity Signal The pattern displayed reflects a typical accumulation phase in a bearish structure. Previous reactions near the bottom trend line create bounces, as indicated by the arrows on the chart. These reactions help shape the long term range and identify areas of interest for entering orders. The recent price action of DOGE shows a rolling effect as the candles tighten within the channel. A breakout above $0.22 will confirm the reversal pattern and set the stage for a broader bullish move. Traders monitoring this formation will look for strong closing candles and increased buying volume as confirmation. The visual layout displays the expected wave structure, indicating a strong bullish move towards the upper resistance level. This forecast covers a wide range, starting from $0.181 and extending to $0.47, representing a potential increase of over 150%. The risk area is identified between $0.172 and $0.160, where invalidation may occur. Guide to price zones and entry and exit targets Analyst Rose Premium has shared specific price levels to consider. The entry levels start at $0.181 and $0.220, both near the resistance levels in the pattern. These levels act as breakout trigger points, where confirmation becomes crucial. The price targets are divided into three stages: $0.26, $0.32, and $0.47. The final target is above the upper boundary of the descending channel, making it a long term target for trend followers. This chain provides a structured roadmap for potential entries and exits based on technical signals. The suggested stop-loss is set at $0.06, indicating the lower boundary of previous channel reactions. Traders will use this point as a safeguard against further falls if the pattern fails. The long history of the channel regarding lower highs and lower lows makes it important to carefully monitor the trend break. Can DOGE maintain its bullish momentum to surpass the resistance level of 0.22 dollars? Will Dogecoin be ready to reclaim higher prices or will the resistance level of $0.22 hold and bring the price back to the price channel? The chart shows that DOGE may be approaching a critical decision point. Previous breakout attempts have failed without confirmation, so traders remain cautious. If the price can close above $0.22 with strength, it may begin a bullish wave supported by new demand. Volume plays an important role in determining real breakouts compared to short-term spikes. As of now, DOGE is still close to a key resistance level, where any spike could determine its next trend. If successful, the path towards $0.26 and beyond could happen quickly.