Dogecoin Retests Key Support After Breakout, Eyes $0.45 Price Target Ahead

• Dogecoin surpasses the resistance zone of $0.27 to 0.29 and this indicates an excellent bullish power to move to higher heights.
• The support retest of $0.276 is in line with bullish technicals, with the EMA crossover and MACD expansion indicating market strength in spite of short-term price declines.
• Analysts forecast an upward step pattern, with an expectation that Dogecoin can consolidate in the short term before moving on to the $0.35 and finally targeting at $0.45.

Dogecoin ($DOGE) has surpassed one of its major resistance levels between $0.27 and $0.29, which has cleared new high-price points.

Breakout Signals Fresh Momentum

In recent days, the cryptocurrency has emerged from months of range-bound movement, moving past the $0.27 - $0.29 area. This movement indicates there is renewed buying power increasing Dogecoin's rounds of higher objectives. All eyes are on market participants to see if this breakout is able to maintain a stable support zone.

Crypto analyst Ali, posting on X, noted that Dogecoin may pause briefly before advancing toward $0.45. His chart projection illustrated a stair-step structure, where the price climbs in stages with short periods of consolidation. Such movements often appear in strong market uptrends.

Traders are now watching whether the $0.29 area holds during any pullback. A successful defense of this level could build momentum for the next move higher, with $0.35 marked as the next important zone.

Key Retest at $0.276

At the time of writing, Dogecoin trades near $0.2763. This places it in a retest of the same area that once acted as resistance. Such retests are common after breakouts, as prices often return to confirm support before resuming their trend.

Technical indicators suggest the setup remains constructive. The MACD line is above the signal line, while expanding green histogram bars show that momentum is still in play. This supports the case for continuation once the current cooling phase ends.

Exponential moving averages support this structure. The 9-day EMA is superior to the 21 EMA and also moving higher. Historically, when you spot this alignment they have gone on to perform in sustained uptrends, creating another factor that supports a bullish outlook.

Path Toward $0.45

Holding the $0.276 support will be key for the short-term direction. If maintained, Dogecoin’s immediate objectives lie around $0.32 to $0.35. A move through this zone could clear the way for a broader rally toward $0.45.

Ali’s projection reflects this view, suggesting the rally may unfold in measured steps rather than one explosive move. Each consolidation phase would serve as a base, preventing excessive volatility and allowing momentum to rebuild.

Despite a -7.02% decline over the past 24 hours, Dogecoin has gained 23.51% in the past week. This performance shows underlying market confidence, even as price action cools in the near term.