Dogecoin (Doge) price action hints about a breakout, and this is what needs to happen
Jun 11, 2025 pm 04:33 PMCrypto analyst Mmatters commented on Dogecoin's current price action, pointing out a possible breakthrough.
Mmatters said that if Dogecoin wants to maintain any uptrend and continue to move towards higher points, it must overcome key resistance levels. The chart he provided shows that $0.4390 is the level that the meme coins must break through to open up space for further uptrends.
As users on social platform X understand, although the market expects Dogecoin price to rise soon, it is necessary to successfully break through the recent local highs first. Crypto analysts stress that this position is crucial for subsequent trends.
Similar to many other Altcoins, Dogecoin is currently at a critical node. His technical analysis shows that the currency is facing directional choices. If it cannot break through the previous high, the price may fall below $0.10, which is regarded as a bearish signal.
However, Mmatters also mentioned that although the decline will bring pressure, it may also be a buying opportunity. He believes that from a probability perspective, Dogecoin is more inclined to rise in the short term, with a bullish probability of about 55%, while a bearish probability of 45%.
Looking back at November last year, Dogecoin launched a rapid rise at the end of September. Now, as Bitcoin approaches its all-time high (ATH) $111,900, the meme coin appears to have another opportunity to rise. Historically, whenever Bitcoin rises strongly, the entire market sentiment will be driven, and Dogecoin will often benefit from it.
Meanwhile, crypto analyst Trader Tardigrade pointed out in a post on social platform X that Dogecoin's daily closing price has reached $0.175, accompanied by a breakthrough confirmation of the RSI indicator. The chart he accompanied shows that Doge is expected to rise further to $0.3, surpassing the $0.26 high that Bitcoin hit when it hits ATH.
By analyzing Dogecoin's 4-hour K-line chart, Trader Tardigrade pointed out that the "golden fork" pattern is about to be formed. He noticed that the price had fallen back to the SMA moving average from May 6 to 9, and formed a similar bullish candle pattern above the two moving averages. Based on this, he believes that Dogecoin will usher in a new round of growth.
According to CoinMarketCap data, Dogecoin price trading at about $0.19 at the time of writing, up more than 5% in the past 24 hours.
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