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Cryptocurrency News Articles
Dogecoin (DOGE) Shows Signs of Strength After Weeks of Volatility, Targeting $0.17 Resistance
Apr 16, 2025 at 02:00 am
Dogecoin is showing signs of strength after weeks of market uncertainty. After reclaiming the $0.15 mark, bulls are looking to build momentum
Dogecoin (DOGE) has shown signs of strength in recent weeks as the meme coin tries to recover from recent lows and push toward new highs. The digital asset has managed to stay above a crucial support mark and is now trading at a key resistance level that could determine the next major move for DOGE.
After reclaiming the $0.15 zone, bulls are aiming to build momentum and break through the next major resistance at $0.17. A successful move above this threshold could confirm a broader trend reversal and spark optimism across the meme coin sector.
However, global macroeconomic tensions are still creating unpredictable conditions across the financial markets, making it crucial for bulls to hold current levels and push through resistance in the coming sessions to confirm a recovery rally.
Dogecoin faces crucial resistance as whale accumulation builds
Dogecoin is now at a pivotal point, trading just below key resistance levels after a strong rebound from recent lows. As broader market conditions improve and global tensions—especially around trade and tariffs—begin to cool, analysts are turning their attention to assets like DOGE that have lagged in performance but now show signs of potential upside.
The meme coin has managed to reclaim the $0.15 mark, but to validate a broader recovery rally, bulls must push beyond the $0.17–$0.18 zone in the days ahead.
“We're closely watching Dogecoin as it attempts to break free from the downtrend and spark a fresh rally. A decisive move above the $0.17 level could be the key to unlocking further gains and signaling a potential trend reversal,” an analyst at Alientech stated.
Some market watchers suggest that Dogecoin could be preparing for a breakout, with momentum indicators beginning to flip bullish. However, sentiment remains mixed, with others pointing to the possibility of a continuation of the downtrend, particularly if resistance holds or macroeconomic conditions deteriorate.
Despite this uncertainty, on-chain data paints a more optimistic picture, hinting at a continuation of the uptrend in the short term.
Top analyst Ali Martinez shared insights on X, revealing that Dogecoin whales have accumulated over 800 million DOGE in the last 48 hours. This level of accumulation by large holders suggests renewed confidence in the asset’s short-term potential.
Historically, such activity by whales has often been followed by strong price moves in DOGE, especially when compared to the accumulation of smaller altcoins like Monero (XMR) or Chainlink (LINK).
For bulls to take control, Dogecoin must break above near-term resistance and sustain momentum amid a still-volatile environment. A failure to do so could see the asset slip back into consolidation or even retest previous lows. The coming week will be critical for determining whether DOGE’s next move is a breakout or another pullback.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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