The price of Dogecoin (DOGE) is restoring its momentum since it’s trading at $0.1993 currently, with active day trading going on. The trading volume, which was $29.91 billion in the past 24 hours, and its current market cap standing at $3.32 billion, prove the rising number of traders entering.
Dogecoin was up by 21.66% during the last week, signaling strong recovery and bullish outlook ahead. On smaller-timeframe charts, the prices are holding strong between $0.19 and $0.20 and staying above an essential support level.
Technical analyst Ali described that $0.19 is an extremely important level that needs to hold to sustain a strong value level.
As long as this current level remains above $0.19, then there’s an increased possibility to test the next resistance level, close to $0.25.
The prices chart, presumably created by utilizing TradingView features, displays years of movement from 2020 to mid-2025 and highlights exponential shifts to prices.
Dogecoin chart signals next move toward $0.25
Sinceearly 2020, the value of Dogecoin has swung violently, from close to $0.002 to an all-time high just above $0.70 in 2021. The 2021 spike was to a large extent a result of speculative external hype, especially from prominent figures like Elon Musk.
Later, DOGE then saw a sharp 65% retracement, which has plateaued since then. The multi-year logarithmic chart appears to suggest that the support lines have reached full maturity, particularly since prices are trading above an influential rising trendline.
Current information shows that Dogecoin currently trades at $0.2078 and a mean day’s gain of 11.17% on CoinMarketCap.
The growth shows that investors’ focus shifts to Dogecoin again, and this continues the overall memecoins’ upward trend. The memecoin market rose by 169% in early 2024, according to BDC Consulting.
The analyst estimates that if DOGE fails to remain above $0.19, then prices could revert to earlier support regions near $0.15, but if optimism continues and support holds, a test near $0.25 may arrive shortly, and this level is the next large one to watch.
