Dogecoin (CRYPTO: DOGE) is approaching a "crucial area of resistance" as it trades in a technical zone that could determine the next major price move, according to crypto analyst Ali Martinez.

What Happened: Dogecoin is approaching the upper boundary of a 12-hour supply band at $0.25-$0.27, Martinez said in a Monday post on X, formerly Twitter.

The cryptocurrency has encountered and failed to penetrate the upper band on several occasions, as highlighted by black arrows in the chart below.

"Dogecoin has reached a crucial area of resistance!" Martinez said.

"The recent 12-hour candlestick closed at $0.24903, placing it within the supply zone. This zone has acted as support on three occasions: December 2024, February 2025, and once again, it seems to be flipping to resistance after the February breakdown."

Top traders are also keeping an eye on a horizontal pivot at $0.22014, which Rekt Capital said in a Monday post is "Pre-Halving resistance."

"After reclaiming the level, price is now testing it again," the trader added. "This is that key retest of Pre-Halving resistance into new support.

"The green support box spans roughly $0.19-$0.22 and sits above an 18-month rising trendline that converges near $0.15901. A weekly defense of this cluster would open the way to the next resistances at $0.27884 and $0.33817, according to Rekt Capital’s chart.

Why It Matters: As the apex meme coin continues to rally, traders are focusing on any potential signs of a bullish continuation.

A clean break above the upper boundary of Martinez’s 12-hour supply band at $0.27 would also neutralize the multi-month zone and validate the next weekly objectives on Rekt Capital’s chart.

However, failure to sustain above this level, or a weekly close back below $0.22, would shift attention to the trendline and horizontal support in the high-$0.15s.

For momentum traders, confirmation of the looming MACD crossover could be the trigger that sets the stage for Bitcoinsensus’s lofty $0.72 projection.

Now, participants await to see whether Dogecoin’s latest bark will translate into another bite.

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