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Since March, the trading range of DOGE has been fluctuating between $0.142 and $0.25. Recently, this key resistance level has been successfully broken, bringing new possibilities for the subsequent trend of DOGE.
In the past 12 days, the trading volume of DOGE has significantly exceeded the average level, providing strong support for its breakthrough of the key resistance level at $0.25. Based on the current breakout situation and range width, analysts expect the upward momentum of DOGE to reach at least $0.33.
Currently, DOGE is challenging the resistance level of $0.285 formed in February. If it successfully breaks through, the next important resistance level will be $0.4. This psychological barrier may exert significant pressure on DOGE, especially considering it has been an important price level between November 2024 and January 2025.
Based on the latest technical analysis, the price trend of DOGE is expected to maintain a strong upward momentum in the next one to two months, with a target price set at $0.357. For swing traders, if an opportunity arises for a pullback to $0.25 or $0.26, it may be a better buying opportunity.
However, investors still need to be cautious and closely monitor market trends and the global economic situation, as the high volatility of the cryptocurrency market means that price movements can change rapidly. It is advisable to conduct thorough research and risk assessment before making any investment decisions.