CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
coinpedia 2025-03-20 13:49:31

Dogecoin (DOGE) Poised for 15% Rally, Bulls Eye Key Breakout

The post Dogecoin (DOGE) Poised for 15% Rally, Bulls Eye Key Breakout appeared first on Coinpedia Fintech News Amidst the ongoing market uncertainty, Dogecoin (DOGE), the popular and top crypto meme coin, has formed bullish price action and is poised for a massive upside momentum. Today, March 20, 2025, the meme coin has registered a price surge of 2%, indicating it is on the verge of a significant upside rally. Current Price Momentum DOGE is currently trading near $0.172, and with its bullish price action, it has attracted significant attention from traders and investors, resulting in a 45% jump in trading volume. Dogecoin (DOGE) Technical Analysis and Upcoming Levels According to expert technical analysis, DOGE appears bullish as it has formed an ascending triangle pattern on the four-hour time frame, with a neckline at the $0.178 level. Based on historical price momentum, if the meme coin breaches this level and closes a four-hour candle above $0.18, there is a strong possibility it could soar by 15% to reach $0.205 in the coming days. Conversely, if the meme coin fails to break this level, it could decline to $0.165 in the future. Source: Trading View Traders’ Bullish View on DOGE With the positive price action, intraday traders also seem bullish on DOGE, as they have been betting on the long side, according to on-chain analytics firm Coinglass . Data reveals that traders are currently over-leveraged at $0.168 on the lower side, where they have built $16.20 million worth of long positions, while $0.175 is another over-leveraged level with $5.30 million worth of short positions. Source: Coinglass These over-leveraged levels and traders’ bets clearly indicate that bulls are currently dominating and could push the meme coin to breach the current resistance level. Besides all this, the overall cryptocurrency market sentiment today is bullish, as top assets, including Bitcoin (BTC), Ethereum (ETH), and XRP, have registered impressive gains.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.