Dogecoin (DOGE) is capturing attention throughout the altcoin sphere and is eyeing an increment in its value, in line with the entire crypto market. Now, the bitcoin is on the way to its all-time high around $123,000, boosting the overall market, including altcoins like DOGE. If a successful breakout occurs, then it will lead to a maximum potential area around $0.27.
At the time of writing, DOGE is trading at $0.2466 with a 24-hour trading volume of $4.14 billion and a market capitalization of $37.12 billion. The DOGE price over the last 24 hours is up by 11.49%, and over the last week it is also up by 23.06%.
DOGE shows potential and poised to break $0.27
A prominent crypto analyst highlighted that Dogecoin (DOGE), the internet-famous cryptocurrency born from a meme, has spent large portions of 2025 stuck beneath the key $0.27 resistance level, unable to advance through this barrier.
Even with its fun coin classification, Dogecoin’s price movement for 2025 has been relatively subdued, causing disappointment for its stalwart investors. But a number of pundits are beginning to note a change in fortune that would prepare all for a breakthrough.
A key motivator for Dogecoin’s development is its strong correlation with Bitcoin (BTC). Historically, Dogecoin has moved in tandem with Bitcoin, skyrocketing when Bitcoin is trending significantly upwards. If Bitcoin hits its all-time high (ATH) once again, analysts believe this would trigger bullish movement throughout the universe of altcoins.
If Bitcoin manages to hold a breakout above its ATH, this would provide Dogecoin a way above its constrained price channel of approximately $0.27.
Alongside Bitcoin’s possible price movement, sentiment within the overall market appears to be turning bullish towards higher-risk positions, which would be positive news for altcoins, such as Dogecoin.
Although there are still those who would consider Dogecoin initially to be a meme coin, now it has become a famous coin within the world of crypto due to its large community and broad awareness. If the market enters another bullish period, Dogecoin is likely to see a surge in both price and fame.
