{"id":3700,"date":"2025-03-27T05:11:07","date_gmt":"2025-03-27T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/dogecoin-prepares-to-explode-analysts-say-watch-this-price\/"},"modified":"2025-03-27T05:11:07","modified_gmt":"2025-03-27T05:11:07","slug":"dogecoin-prepares-to-explode-analysts-say-watch-this-price","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/dogecoin-prepares-to-explode-analysts-say-watch-this-price\/","title":{"rendered":"Dogecoin Prepares To Explode \u2014 Analysts Say Watch This Price"},"content":{"rendered":"

Over the past four days, the Dogecoin price is up more than 17% and is thus nearing bullish territory according to two renowned chart technicians. Rekt Capital (@rektcapital) and Henry (@LordOfAlts), are pointing to what they believe is a major technical setup on the Dogecoin (DOGE) price chart\u2014potentially heralding a sizable breakout.<\/p>\n

This Price Level Is Crucial For Dogecoin<\/h2>\n

Early today, Rekt Capital shared a weekly DOGE\/USDT chart highlighting key price levels at $0.159, $0.204, and most critically $0.22. According to the analyst, Dogecoin\u2019s trajectory now hinges on whether it can \u201creclaim and\/or Weekly Close above $0.22\u201d\u2014a level he refers to as a green zone of Pre-Halving highs on his chart.<\/p>\n

\"Dogecoin<\/p>\n

Rekt Capital suggests that the recent dip below $0.22 could represent a mere \u201cdownside deviation,\u201d meaning any breach under that threshold might have been temporary if price action stabilizes above $0.22 in the near future. The candlesticks near $0.20 and $0.22 exhibit notable wicks, indicative of high volatility. Rekt Capital interprets these as part of a \u201cvery volatile retest\u201d of the price region around March highs.<\/p>\n

From a technical standpoint, the $0.22 area seems to act as a pivot. Should Dogecoin close a weekly candle above that boundary, it would increase the likelihood that buyers are regaining control, potentially setting the stage for a move toward higher resistance levels\u2014such as the $0.28 and $0.338 region, identified by two horizontal green lines on Rekt Capital\u2019s chart.<\/p>\n

DOGE Breakout Already Confirmed?<\/h2>\n

Meanwhile, analyst Henry (@LordOfAlts) points to a multi-month falling wedge formation stretching from late 2024 through the first quarter of 2025. Henry notes that this pattern bears resemblance to Dogecoin\u2019s descending wedge in 2024, which eventually led to a breakout and a significant price surge.<\/p>\n

On Henry\u2019s chart, DOGE had been consolidating between two downward-sloping trendlines for several months. The upper trendline connects lower highs since the coin\u2019s peak above $0.48, while the lower boundary captures a sequence of descending lows.<\/p>\n

\"Dogecoin<\/p>\n

Henry\u2019s analysis draws a parallel between the current wedge and a similar structure that resolved in a 365% surge which started in October 2024. Over the past few days, Dogecoin broke out of the falling wedge pattern again, possibly setting the stage for another steep rise.<\/p>\n

Although Henry does not guarantee specific targets, he remarks that last time \u201cLast time it did a similar thing was in Sep 24. 50\u00a2 next, then $1.00,\u201d concluding with a succinct instruction to \u201cTrust the cycle.\u201d<\/p>\n

At press time, DOGE traded at $0.19583.<\/p>\n

\"Dogecoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Over the past four days, the Dogecoin price is up more than 17% and is thus nearing bullish territory according to two renowned chart technicians. Rekt Capital (@rektcapital) and Henry (@LordOfAlts), are pointing to what they believe is a major technical setup on the Dogecoin (DOGE) price chart\u2014potentially heralding a sizable breakout. This Price Level…<\/p>\n","protected":false},"author":1,"featured_media":3701,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[131],"tags":[133,374,134,132,216,375,434],"class_list":["post-3700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-doge-news","tag-doge-price","tag-dogecoin","tag-dogecoin-news","tag-dogecoin-price","tag-dogecoin-price-analysis"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3700"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3700\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3701"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}