• Dogecoin has officially broken its 3-month downtrend, sparking renewed bullish sentiment. With on-chain data pointing to limited resistance beyond the $0.20 level, analysts suggest a 55% surge could be within reach.
  • Fueled by strong weekly gains and community-driven initiatives like the Dogecoin Reserve, DOGE’s momentum is accelerating. If it clears the next resistance zones, traders may witness a rapid rally toward the $0.31 mark.

Reiterating the recent DOGE price prediction in a CNF update , it was previously questioned whether the drop in whale transactions would lead to further losses for Dogecoin.

As noted by Crypto Tracker, after three challenging months marked by a descending trendline since January 2025, Dogecoin (DOGE) is now showing signs of a potential turnaround.

Furthermore, as reported by Binance, the cryptocurrency has rallied approximately 18% over the past week, making it one of the top performers among major digital assets.

On March 24, 2025, DOGE broke through its three-month descending trendline—a development highlighted by crypto analyst Trader Tardigrade as a bullish signal. This breakout suggests the possibility of a short-term relief rally.

Key Resistance Levels and On-Chain Data

According to a recent tweet by Glassnode, on-chain data reveals that approximately 7% of DOGE’s supply is concentrated around the $0.20 price level, which may act as a resistance zone.

URPD shows 7% of $DOGE supply is concentrated at $0.20 – the third-largest cluster after $0.17 and $0.07. This level saw big inflows around Jan 22, but wallets likely bought earlier, raising their cost basis. $0.20 may act as resistance near-term. pic.twitter.com/vHvylx3MdN

— glassnode (@glassnode) March 26, 2025

However, Binance notes that if DOGE breaks past this level, there is limited supply resistance until around $0.31, indicating the potential for a sharp upward movement.

Community Initiatives and Market Sentiment

Beyond technical indicators, community-driven initiatives are also fueling positive sentiment. For example, the House of Doge has announced the launch of “The Official Dogecoin Reserve,” starting with a 10 million DOGE token purchase.

This initiative aims to enhance liquidity and stability within the Dogecoin ecosystem, further supporting bullish momentum .

Current Price and Market Outlook

According to CoinMarketCap, Dogecoin is currently trading at approximately $0.1963 USD, with a 24-hour trading volume of about $1.72 billion. Despite a slight daily decline of around 4.18%, DOGE maintains a robust market capitalization of approximately $29.16 billion and has surged by 12.18% over the past week.

Lastly, while the recent breakout and supporting on-chain data indicate the potential for a major price surge, investors should remain cautious. Cryptocurrency markets are inherently volatile , and thorough research and risk management are essential before making investment decisions. See DOGE price chart below.