Dogecoin Faces $0.30 Resistance Again as Long-Term Channel Holds Amid Cooling Momentum
Main Idea
Dogecoin is currently testing the $0.30 resistance level for the third time in 2025, while maintaining a long-term rising channel with key support levels intact.
Key Points
1. Dogecoin has faced repeated rejections at the $0.30 mark in 2025, with price falling to $0.17 after the first rejection and trading sideways between $0.17 and $0.22 for weeks.
2. Biweekly data from 2014 to 2025 shows Dogecoin trading within a wide ascending channel, with major rallies in 2017, 2021, and 2024 starting near the lower trendline.
3. Cycle analysis suggests Dogecoin's Cycle 3 could potentially reach $2.22806, based on Fibonacci extensions, though this level remains untested.
4. Current momentum indicators show reduced buying pressure, with MACD narrowing and RSI falling from overbought territory, while DOGE/BTC holds a range between 0.00000180 BTC and 0.00000450 BTC since 2022.
5. Dogecoin's price action is constrained by the $0.30 resistance level, with future trajectory dependent on whether it can break through this barrier.
Description
Dogecoin is currently testing the $0.30 resistance level for the third time in 2025, while maintaining a long-term rising channel with key support levels intact. DOGE has faced rejection at
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