
Dogecoin has been struggling to break above the key resistance zone at $0.25-$0.27, despite making several attempts in recent months.
The cryptocurrency has found strong resistance at this level, as it has been unable to close an 12-hour candle above the upper boundary of the band at $0.27.
However, bulls may yet find a way to break above this sticky area.
If they can manage to do so, then it could open the door for a substantial rally in DOGE.
Crypto analyst Rekt Capital notes that Dogecoin is currently retesting the Pre-Halving resistance at $0.22.
According to the analyst, this retest is now in progress, and it remains to be seen whether the coin will manage to sustain gains above the green support box, which is located between $0.19-$022.
A weekly defense of this cluster would open the way to the next resistances at $0.27884 and $0.33817.
Moreover, Bitcoinsensus has spotted a potential divergence in the MACD, which could also be a factor to watch.
The fast line is about to cross above the signal line for the first time since late-2024, and the previous two bullish crossovers were followed by rallies of ≈ +165 % (to $023) and ≈ +330 % (to $0.48).
“DOGE BULLISH MACD CROSS … Next Price Target : $0.72,” the analyst remarked.
Together, these three studies suggest that Dogecoin is at a critical juncture.
A decisive break above the $0.27 mark would negate the multi-month supply zone highlighted by Martinez and affirm Rekt Capital’s proximate weekly goals.
Conversely, failure to sustain that level, or a weekly candle back below $0.22, would shift the focus back to the trend-line and horizontal support in the high-$0.15s.
For momentum traders, confirmation of the impending MACD crossover could be the variant that paves the way for Bitcoinsensus’ lofty $0.72 projection. For now, participants are observing whether the meme-coin’s latest bark will translate into another bite.
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