TLDR
- Dogecoin (DODE) has hit a key support level on this week’s diagram, suggesting a potential large price movement
- Cryptocurrency can rally between $ 0.22 and $ 0.48, where $ 0.38 is a significant target
- Trade volume has increased by 16.12% to $ 2.93 billion, with alternative volume climbing 87.59% in 24 hours
- Technical analysts identify $ 0.17 as a key resistance level that can trigger a drive against $ 0.21 and 0.29 $
- Current Doge patterns are reportedly reflected those seen before its massive 2021 rally to its All-Time High at $ 0.7376
Dogecoin has recently met an important support level that can push its price higher in the coming weeks. Doge deals with about $ 0.166 and shows signs of a potential outbreak if it succeeds in moving above $ 0.17 resistance level.
The MEME-inspired Cryptocurrency dropped over the past 24 hours, but analysts suggest that this dip can be advantageous for its long-term track. Dogge gained 18% last week, and similar speed could continue if both site and derivative marketers are pushing the availability upwards.
Cryptocurrency is currently traded on a rising support line on this week’s chart. The same level of support previously served as a catalyst for Doges’s increase to $ 0.48.
Market activity shows increased interest
The trade volume for Dogecoin has increased by 16.12%and reaches $ 2.93 billion. The alternative volume has seen an even more dramatic increase of 87.59% over the past 24 hours.
The open interest rate (OI) weighted financing rate and the volume -weighted degree of financing show both gradual market increases. Both measurement values currently amount to 0.0071%, which indicates that unreleased contracts are mostly held by long traders.
This positive feeling is supported by significant volume. The combination suggests that the market participants are positioning themselves for an upward movement at Doges price.
The spot market activity has been strong, with traders who buy $ 8.9 million in Dogge recently. This follows several consecutive days of purchases.
Long card liquidation ratio reveals that sellers have experienced more losses, a total of $ 630,000. Long traders have registered relatively lower losses, which indicates increased buyer activity.
Technical analyzes point to key levels
If Dogecoin can break over $ 0.17 resistance level, analysts predict that it can run against $ 0.21 and potentially reach $ 0.29. However, maintaining support for $ 0.13 is crucial to this haus -like scenario.
The $ 0.38 level represents a large target as it contains significant liquidity clusters on the market. In order for Doge to reach this milestone, it must maintain momentum.
Some technical analysts believe that the current price pattern is similar to previous accumulation phases that preceded Stora Rally. An analyst pointed out that Doge shows the same technical formation as it did before its massive 2021 rally when it rose to its maximum time of $ 0.7376.
$ Doge (Dogecoin) looks ready to take on yet another magical haissert performance to new heights at all times!
This can result in upper +200% to +330% moving above $ 0.73 ⤴ … pic.twitter.com/tcrctpzrgq
– Javon⚡marks (@Javontm1) April 13, 2025
If history repeats itself, these analysts suggest that the price can increase by 200% to 330%, although this represents a long -term projection rather than an immediate price case.
Cryptocurrency would have to overcome several obstacles to reaching such heights. With a current circulating supply of 148.83 billion Dogte (over 40% more than 2021), the dynamics to reach previous peaks have changed.
To match its previous height of $ 0.7376 with the current range, Dogropa would need a market capitalization exceeding $ 110 billion. In order for Doge to reach $ 1, it would require a market value of approximately $ 148 billion.
While technical indicators begin to tilt Hausse, they still reflect caution among traders. A confirmed feature above $ 0.17 would highlight a significant change in the marketing entry and could omit interest in higher price conditions.
In the coming weeks will be crucial to Dogecoin as it is testing these important resistance levels and attempts to build on the recent speed.
