Dogecoin (DOGE) Continues Its Bullish Trend, Fracturing Previous Resistance Levels and Generating Optimistic Predictions

Last week, Dogecoin (DOGE) breached critical resistance levels, suggesting the potential for sustained bullish momentum. The cryptocurrency, operating on a decentralized platform, is currently trading at $0.1759 as of March 24, 2025, with a trading volume of $726.26 million, according to CoinMarketCap.

Dogecoin (DOGE) price is known for its volatility, and recent activity from whales might be a sign of what’s to come.

After notching up critical resistance levels last week, suggesting the potential for sustained bullish momentum, the cryptocurrency, which operates on a decentralized platform, is currently trading at $0.1759 at the time of writing, Friday, with a trading volume of $726.26 million, according to CoinMarketCap.

As reported by blockchain analytics firm, Santiment, greater than 120 million DOGE were snapped up by crypto whales in the last 24 hours.

Analytic indicators also show strong bullish sentiment with some analysts suggesting a staggering 1,160% rally.

According to a recent technical analysis by trader Tardigrade, on X, formerly Twitter, it seems that DOGE has completed a transition from a downtrend to an uptrend.

The breakout of the cryptocurrency from a Bollinger Bands narrow at the same time.

Analyst Ali Martinez noted on Friday that the 12-hour chart of DOGE is exhibiting a 'squeeze' phenomenon, an indication that is often associated with low volatility, which could result in forthcoming price movements.

Since March 11, DOGE has been seen consolidating between the price ranges of $0.16 and $0.18, as traders try to anticipate the asset's next move. However, with the recent activity from whales, it seems that the momentum could be shifting toward bullish.

Also, the MACD and Stochastic RSI indicators are currently resetting on longer timeframes, which could be indicating a recovery phase, assuming DOGE can maintain its support levels.

After cutting through a crucial resistance zone, Dogecoin (DOGE) is poised for substantial gains, predicts technical analyst Javon Marks.

In a recent analysis shared on X, Marks highlighted that DOGE is now entering its third ‘massive bull cycle’. He correlated historical price patterns that preceded past rallies.

“There’s no reason to fear. The setup for DOGE is stronger than previous cycles. We’re still in a macro bull market, which will continue to provide price support for cryptocurrencies. Pay attention to the broader market trends.”

According to his analysis, if DOGE manages to sustain above the $0.18 and $0.20 resistance bands, then it could propel towards the next resistance at $2.28. However, he cautioned that these higher targets are dependent on sufficient buying volume to affirm the market's strength.

As part of his analysis, Marks pointed out that the Bollinger Bands are rapidly narrowing, which is a trend pattern that tends to occur before a surge in volatility.

Moreover, he noted that a breakout from the $0.1750 to $0.18 resistance is needed to continue the uptrend.

Recently, Dogecoin bulls are showing renewed activity after a period marked by several months of sideways movement.

Observations of whale accumulation and consistent trading behavior signal early indicators of a possible rally ahead.