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The Dogecoin price soared 5% in the last 24 hours to trade at $0.1835 as of 3:47 a.m. EST on trading volume that surged 124% to $1.7 billion.
This rise in the DOGE price comes after House of Doge, a major offshoot of the Dogecoin Foundation, announced that it is set to launch a Dogecoin Reserve, a major step towards mainstream adoption.
The body purchased 10 million DOGE tokens worth $1.82 million, signaling the meme coin’s potential as a global decentralized currency.
$doge price up 7% to $0.181, reaching highest level in two weeks. dogecoin foundation launches "official dogecoin reserve" with purchase of 10m $doge ($1.8m). polymarket shows 72% odds for dogecoin etf by year end.
— aixtn (@ai_xtn) March 25, 2025
Dogecoin Price Analysis: Breaking Out Or More Downside?
The DOGE price has been experiencing a falling wedge formation, which is typically considered a bullish reversal pattern. This pattern is characterized by two converging downward-sloping trendlines, signaling diminishing selling pressure.
The wedge began forming after the peak near $0.55, leading to a steady decline over several months, according to GeckoTerminal data.
Meanwhile, the Dogecoin price chart shows key points labeled A, B, C, and D, suggesting a classic ABCD pattern within the wedge. Point C marks a potential bottom around $0.15, where the price of DOGE found strong support before bouncing higher.
Currently, the price of Dogecoin is testing the upper boundary of the wedge, hinting at a possible breakout.
Additionally, the 50-day Simple Moving Average (SMA) at $0.2136 acts as near-term resistance, while the 200-day SMA at $0.2516 represents a more significant long-term resistance level. A breakout above these levels could indicate a shift in trend from bearish to bullish.
The Relative Strength Index (RSI) is currently at 47.34, sitting just below the neutral 50 level. This indicates that the Dogecoin price is neither overbought nor oversold, but it also suggests that momentum is not that bullish yet. A push above 50 on the RSI could signal a strengthening bullish trend.
Moreover, the MACD (Moving Average Convergence Divergence) indicator shows signs of a possible bullish crossover. The blue MACD line is currently at 0.0046, slightly above the orange signal line at -0.0116, suggesting that bearish momentum is weakening.
What Next For DOGE After Dogecoin Reserve Launch?
According to the DOGE/USDT analysis, the Dogecoin price is now trading within the upper boundary of the falling wedge pattern.
If DOGE successfully breaks above the $0.2136 level and holds, the following key resistance would be at the 200-day SMA at $0.2516. A decisive move past this level could propel the DOGE price toward $0.30 and beyond, confirming a reversal.
On the flipside, failure to break out may result in a pullback to the $0.15 support level, with a potential downside towards $0.12 if selling pressure intensifies.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
MIND Of Pepe Presale Races Towards The $8 Million Mark
Combining the iconic Pepe with autonomous AI agents, MIND of Pepe’s presale has attracted a rapid influx of investors, raising over $7.5 million in a short period.
MIND of Pepe stands out from other AI crypto projects due to its self-sustaining AI agent. Unlike traditional AI-driven trading bots, this AI agent is designed to deploy tokens, trade them, advertise them, sell them for profit, and reinvest the earnings into its native token, MIND.
MIND’s AI agent also continually scans the market, analyses trends on X, and interacts directly with blockchain apps.
New Era. $MIND pic.twitter.com/OXXTbYw0fe
— MIND of Pepe (@MINDofPepe) March 13, 2025
It identifies high-potential trends before they are widely recognized and passes the intelligence on to MIND token holders to give them an edge over others in the market.
MIND holders also have the opportunity to stake their tokens for a stratospheric 297% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0035946 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast, because MIND’s price will undergo a scheduled presale increase in about 37 hours.
Visit the MIND of Pepe website.
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