Dogecoin (DOGE) Price Surge 2% Today, Poised for Massive Upside Momentum

Amidst the ongoing market uncertainty, Dogecoin (DOGE), the popular and top crypto meme coin, has formed bullish price action and is poised for a massive upside momentum.

Amidst the ongoing market uncertainty, Dogecoin (DOGE), the popular and top crypto meme coin, has formed bullish price action and is poised for a massive upside momentum. Today, March 20, 2025, the meme coin has registered a price surge of 2%, indicating it is on the verge of significant upside rally.

Dogecoin (DOGE) Price Surges 2% Amidst Market Uncertainty: Top Crypto Meme Coin Could Soar 15%

Dogecoin has attracted traders’ attention with its 2% price surge today, and its trading volume has also soared by 45%,

according to crypto market data.

According to expert technical analysis, DOGE appears bullish as it has formed an ascending triangle pattern on the four-hour time frame, with a neckline at the $0.178 level.

If the meme coin breaches this level and closes a four-hour candle above $0.18, there is a strong possibility it could soar by 15% to reach $0.205 in the coming days. However, if it fails to break this level, it could decline to $0.165 in the future.

On the other hand, if the meme coin faces selling pressure and breaks below the lower levels, it could trigger further declines of up to 10% to the $0.152 level, which is a crucial support.

Traders’ View: Long Positions at $0.168 and Short Positions at $0.175

With the positive price action, intraday traders also seem bullish on DOGE, as they have been betting on the long side, according to on-chain analytics firm CoinGlass.

Traders are currently over-leveraged at $0.168 on the lower side, where they have built $16.20 million worth of long positions, while $0.175 is another over-leveraged level with $5.30 million worth of short positions.

These over-leveraged levels and traders’ bets clearly indicate that bulls are currently dominating and could push the meme coin to breach the current resistance level.

Besides all this, the overall cryptocurrency market sentiment today is bullish, as top assets, including Bitcoin (BTC), Ethereum (ETH), and XRP, have registered impressive gains.