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Dogecoin jumped on the New Year’s market rally, making an impressive 25% move in the first few days of 2025. The meme coin, known for its social enthusiasm and historical circles, has joined the wider market development that many crypto assets currently have. to enjoy.
Senior analyst Bluntz recently shared a technical analysis on X, emphasizing that after this operation, Dogecoin is now showing undeniable behavior again. According to Bluntz, the price action suggests that DOGE may be poised for additional gains if it manages to exceed key levels of supply.
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The next few days will be critical for Dogecoin as it navigates this new momentum. Investors are carefully watching whether the meme coin can support its rally and check its next resistance levels. If successful, Dogecoin could continue its upward trajectory, rekindling the excitement of its highest levels.
As market sentiment shifts to optimistic and technical indicators point to strength, Dogecoin is once again attracting attention as a potential leader in the altcoin space. Will DOGE maintain this momentum and surprise the market, or is this just a temporary blip? All eyes are on Dogecoin in the coming days.
Dogecoin Prepares for a Big Move
Dogecoin’s impressive surge yesterday reignited excitement among investors and traders. The meme coin has shown its ability to go to the top quickly, and this latest activity could be the start of something big. Analysts now speculate whether Dogecoin can regain its former glory and reach new heights.
Top analyst Bluntz shared a technical analysis on X, revealing that Dogecoin now looks undeniably bullish. This change in behavior comes after the DOGE rose above the required levels, indicating strong buying interest. According to Bluntz, this momentum could propel Dogecoin to the $0.50 mark—an important psychological and technical level.
For this situation to occur, Dogecoin must remove supply from local highs. Breaking through these resistance areas may pave the way for a major rally, which may reflect its more explosive moves in previous market cycles. However, achieving this will require continued support from the wider market and continued interest from its dedicated community.
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The next few days will be critical for Dogecoin as it tests these levels. If the bullish momentum takes hold, DOGE could once again lead the altcoin scene, reminding the market of its unparalleled ability to surprise even seasoned traders. All eyes are on Dogecoin as it targets a break above $0.50.
Assessing DOGE Key Level
Dogecoin is currently trading at $0.38, riding a wave of price action since the beginning of the year. After gaining momentum and rising more than 25% in recent days, DOGE is now testing a critical resistance level that could determine its short-term outlook.
The $0.40 mark has emerged as an important barrier for Dogecoin. If the meme coin manages to break this level and establish it as support, it could ignite a new bullish rally. Analysts predict that such a breakout will open the door for DOGE to retest its local highs and possibly aim for an even higher target, the $0.50 mark within reach.
However, failure to break this critical level could cause Dogecoin to consolidate its current range. This decision-making period may take several weeks as the broader market awaits confirmation of DOGE’s next move.
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The coming days are important for Dogecoin as it navigates this crucial period. Traders and investors will be closely watching its price action to determine if the recent bullish momentum can sustain itself and propel DOGE into a new phase of growth.
Featured image from Dall-E, chart from TradingView