Dogecoin news: Doge turns the three-month downward trend-you can now expect 55% price increase
- The Dogen course has turned its three-month downward trend and thus generated the spirit of optimism. Since the Onchain data indicate resistance beyond the $ 0.2 mark, it is assumed that an increase of 55% is now realistic.
- Driven by strong weekly growth and the initiatives operated by the DOGECOIN reserve, the dynamics of Doge accelerate.
In a CNF update, the latest Doge price forecast was repeated. Previously, the question was asked whether the decline in the WAL transactions would lead to further losses for Dogecoin.
As Crypto Tracker stated, Dogecoin now shows a trend reversal after three difficult months, which have been marked by a descending trend line since January 2025.
As Binance reports, cryptocurrency has risen by around 18% last week and is therefore one of the top performers.
On March 24th, Doge turned his three-month descending trend line-a development that was highlighted by the crypto analyst Trader Trader Tardigrade as a positive signal.
Resistance and on-chain data
According to a current tweet from Glassnode, the on-chain data show that about 7 % of the Doge offer focus on the price level of $ 0.20 that could 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 when Doge breaks through this level, there is a limited resistance to about $ 0.31, which indicates the potential for a strong upward movement.
Community initiatives and market mood
In addition to the technical indicators, the community initiatives also provide a positive mood. For example, the House of Doge announced the start of the “official Dogecoin reserve”, starting with a purchase of 10 million Dogen token.
This initiative aims to improve liquidity and stability within the Dogecoin ecosystem, which further supports the upward trend.
Current course and market outlook
According to CoinmarketCap, Dogecoin is currently traded at a price of approximately $ 0.1963, with a 24-hour trading volume of approx. $ 1.72 billion. Despite a slight decline in the day of around 4.18 %, Doge has a robust market capitalization of around $ 29.16 billion and has increased by 12.18 % last week.
Although the recent outbreak and the supportive on-chain data indicate the potential for a large price increase, investors should remain careful. Cryptocurrencies are naturally volatile and thorough research and risk management are essential before investment decisions are made.
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