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Dogecoin Nears Key $0.30 Threshold After Fresh Bullish Signals

Confirmation hinges on a high-volume break that validates the pattern-based setup.

Overview

  • Dogecoin is trading near $0.26 after regaining the $0.25 area, with 24-hour exchange volume around $2.5 billion and upticks in active addresses and transactions.
  • Analysts identify $0.30 as the pivotal level, noting that a strong daily close above it with two to three times normal volume could unlock a move toward $0.38–$0.40.
  • Multiple studies show a bullish backdrop, including a nine-month ascending triangle with resistance clustered at $0.28–$0.30 and rising support near $0.22–$0.24.
  • A cup-and-handle breakout on the 4-hour chart points to a test of the resistance zone, reinforcing a cautiously bullish near-term view.
  • On the monthly chart, a bullish MACD crossover has appeared, with some projections extending to $0.50–$0.60 over the coming months if momentum persists.