Dogecoin’s Trendline Breakout Suggests Potential for Price Movement Toward $0.25–$0.29 Amid Increased Whale Activity

Key Points

1. Dogecoin's recent breakout above a key trendline resembles its 2024 rally setup, with prices currently holding above $0.23 and targeting $0.25–$0.29.

2. DOGE is trading at $0.2386, up 7.24% in the past 24 hours, with a market capitalization of $35.9 billion and trading volume of $2.7 billion.

3. Technical indicators show the RSI at 57.52, with the price above its 7-day SMA ($0.21) and 20-day SMA ($0.22), suggesting room for further upward movement.

4. Key resistance levels are at $0.29, with support at $0.19 and $0.14; the daily pivot point is $0.23, which DOGE has reclaimed.

5. Increased whale activity and speculation about DOGE payment integration on the X platform are contributing to the bullish momentum.