Published: Mar 16, 2025 at 09:24 AM
- Dogecoin remains above $0.14750, suggesting continued bullish momentum if support holds strong.
- Analysts highlight price targets at $0.46386, $0.55348, and $0.65421.
- Market performance shows a 2.34% increase, with a $26.05B market cap.
Dogecoin has recently been showing indications of a probable breakout as the crypto market shows varied movement. Analysts points that holding above the $0.14750 level remains crucial for maintaining a bullish scenario. Failure to maintain this support could trigger further consolidation before any significant price movement.
Marzell observes that a descending triangle pattern is forming, with the price approaching the Fibo Zone 1 at 0.14750. Price levels at T1, T2, and T3 are cast at 0.27000, 0.35000, and 0.42000, respectively. The asset’s downward trend indicates a possible reversal or consolidation at the Fibo Zone. Key price zones suggest potential resistance at higher levels.
The upward movement of Dogecoin should continue only when the price is at least $0.14750 and above. This level can be seen as a buffer in some cases, but any break below it may lead to new considerations. If this support is maintained, it would mean that the upward trend in the price of Dogecoin may persist.
Several price targets for Dogecoin have been set based on the current technical pattern. The first target is $0.46386, a level that represents a notable resistance point. If this level is breached, further gains could be seen.
The second target stands at $0.55348, and a push above this would bring Dogecoin closer to $0.65421, a significant resistance level. The outlook for Dogecoin remains tied to its ability to maintain support above $0.14750. While consolidation might occur in the short term, a successful breakout could lead to strong price movements.
According to CoinMarketCap data at the time of press, Dogecoin is trading at $0.1755, observing a 2.34% surge in the past 24 hours. The market cap is $26.05 billion, with a 24-hour trading volume of $965.66 million.
The total supply is 148.43 billion, with the same amount in circulation. The chart shows marked fluctuations, with a sharp price rise kept in the latest hours. The current trading volume ratio to market cap is 3.7%.
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