 could surge if it closes above $0.20 this month, potentially reaching its 2021 high of $0.74.){kind=link}
Dogecoin ($DOGE) may be poised for a significant surge, according to cryptocurrency researcher Ali Martinez, if it manages to close above $0.20 this month.
Martinez claims that breaking through this crucial resistance level would probably signal strong positive momentum and pave the way for a possible rise toward Dogecoin’s all-time high of $0.74, which was last attained during the 2021 cryptocurrency craze.
At the press time, $DOGE is trading at $0.1808, up 0.30% as compared to the same time last day.
How Will Staying Above $0.20 Help Dogecoin?
Not only would a closing above $0.20 indicate a technical breakout, but it would also serve as a spark to rekindle investor interest in the buzzing meme coin.
Dogecoin’s price fluctuations are frequently influenced by market mood, and a strong technical signal like this one may draw in both institutional and retail purchasers.
In order to continue upward momentum, Martinez’s study highlights the significance of consistent buying pressure and market confidence.
Dogecoin traders are keeping a careful eye on the $0.20 mark as a crucial benchmark for potential future gains as the larger cryptocurrency market begins to recover.
Determining if Dogecoin can take advantage of this chance and reenter a robust bullish trend will be determined in the upcoming weeks.
Also Read: Dogecoin Whales Add 800 Million Tokens to Holdings in 48-Hour
$DOGE Technical Indicators: What Do They Say?
Dogecoin (DOGE), as of April 28, 2025, is selling at about $0.1808, indicating a slight increase of 0.09% over the previous day.
The 50-day and 200-day moving averages are also going upward, indicating prolonged upward momentum, which supports the optimistic perspective presented by technical indicators.
The Stochastic RSI is in the overbought zone, suggesting possible short-term consolidation, while the Relative Strength Index (RSI) is at 56, suggesting neutral conditions.
Additionally, a bull pennant pattern points to a possible breakthrough to $0.22, which, if it materializes, would represent a 25% gain. Furthermore, a third falling wedge breakout against Bitcoin has been detected; these are typically linked to substantial increases in DOGE.
This positive feeling is supported by on-chain data, which shows that 62% of holders are currently profitable, which could increase buying pressure. Traders should use caution, though, since there are significant resistance levels at $0.1859 and $0.1935.
Dogecoin Whale Movements Suggest Bullish Future
Large transactions by prominent holders, known as whale movements, can have a big effect on cryptocurrency values by indicating confidence or impending events.
The transfer of more than $800 million worth of Dogecoin (DOGE) by whales has garnered notice. Large-scale activity like this frequently sparks conjecture that major players are setting up for a price spike, which prompts smaller investors to do the same.
Furthermore, effective alliances or partnerships can increase Dogecoin’s usefulness and visibility, which will promote further adoption.
When taken as a whole, these whale transfers and possible alliances point to DOGE gaining momentum and could pave the way for a price increase soon.