Join Our Telegram channel to stay up to date on breaking news coverage
The Dogecoin price surged 13% in the last 24 hours to trade at $0.2047 as of 5:48 a.m. EST on trading volume that surged 19% to $1.1 billion.
Dogecoin Price Breakout Hints At A Trend Continuation
The DOGE price has recently broken out of a falling wedge pattern, a classic bullish reversal setup.
This pattern is characterized by converging trendlines sloping downward, which typically indicates a slowdown in bearish momentum and a potential shift toward bullish price action.
The Dogecoin price respected the wedge boundaries for several months, gradually compressing in volatility until the recent breakout above the upper trendline, a strong technical signal that the downtrend may have exhausted.
The breakout was accompanied by a decisive move above the 50-day Simple Moving Average (SMA) (currently at $0.1703), adding credibility to the bullish reversal.
This breakout has pushed DOGE to around $0.2047, and the price of Dogecoin is now aiming toward the next major resistance: the 200-day SMA at $0.2651, as GeckoTerminal data shows.
Meanwhile, the Relative Strength Index (RSI) stands at 69.73, just shy of the overbought zone. This indicates strong bullish momentum following the wedge breakout.
The MACD (Moving Average Convergence Divergence) has formed a bullish crossover, with the blue MACD line now above the orange signal line and the histogram moving into positive territory. This alignment reinforces the upward momentum and validates the breakout.
DOGE Price Prediction
With the falling wedge breakout confirmed and supported by bullish indicators, the technical outlook for the DOGE price is positive in the short to medium term.
As long as the Dogecoin price remains above the breakout zone and the 50-day SMA, bulls are likely to retain control. The immediate target is the 200-day SMA around $0.2651, a key resistance level. A successful break above that could then open the door for a move toward the $0.30 zone.
In the event of a pullback, the former wedge resistance line and the 50-day SMA near $0.17 should now act as support. Consolidation around the breakout level is also a healthy sign if it occurs, providing a base for further upward movement.
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 Closing On $9 Million – Only 21 Days Left To Buy
AI agents are emerging as the next major breakthrough in the crypto industry, with capabilities that far surpass conventional digital tools.
These computer models are designed to function autonomously, and can make decisions, execute tasks, and interact with their environment without human intervention.
🚨 Best Wallet Airdrop Ending Soon! 🚨
The airdrop campaign is officially ending on May 15th!
🎯 Here’s what you need to know:
— All $BEST rewards will be distributed to Best Wallet addresses.
— To receive your rewards, you must complete the “Connect Best Wallet” quest before… pic.twitter.com/DMVl9bMEpg— Best Wallet (@BestWalletHQ) April 23, 2025
MIND of Pepe introduces one such AI agent that isn’t just another crypto tool; it’s like having a sharp-eyed trading assistant who constantly absorbs and analyzes new information.
MIND’s AI gathers insights from a vast network of investors on platforms like X. It tracks what’s trending and what traders are buzzing about to uncover potential opportunities that others might miss through hive-mind analysis. MIND of Pepe then turns that data into actionable insights, which are shared with MIND holders via token-gated groups.
Currently, MIND tokens are priced at $0.0037515 and can be bought with either crypto or bank cards through the easy-to-use widget embedded on the project’s website.
Investors at this early stage also have the opportunity to stake their tokens for a stratospheric 255% annual percentage yield (APY).
Interested buyers will want to act fast, because MIND’s presale will end in a little more than 21 days.
Visit the MIND of Pepe website.
Related News:
- Crypto Prices Surge After US-UK Trade Deal: Bitcoin Smashes Past $100K
- SOL Pumps 7%, But Experts Say This New $33.8M Solana Layer-2 Token Can 100X
- Ethereum Price Soars 17% And This Might Be The Next Crypto To Explode
Best Wallet - Diversify Your Crypto Portfolio
Join Our Telegram channel to stay up to date on breaking news coverage
