Breakthrough Signs for Dogecoin Price Point to Potential 50% Surge: Will $0.33 Be the Next Level

Dogecoin shows strong breakthrough potential as it surpasses the important technical structure zone, signaling the possibility of a price increase of up to 50%. In the context of recent price declines, cryptocurrency analysts, including Klejdi Cuni on TradingView, believe that the latest move by DOGE could start an upward trend, targeting above $0.33. Important breakthrough point from the structural area Technical analysis shows that Dogecoin has consolidated within the important price range from $0.23 to $0.26 from February 5th to February 10th. This comes after a decline from February 1st to February 3rd, when DOGE dropped below $0.22 for the first time since November 2024. However, the latest breakthrough on the uptrend of this consolidation phase indicates a shift in market dynamics. According to Klejdi Cuni, this breakthrough is a price increase signal, but caution is needed. There may be a temporary retreat due to macroeconomic influences, such as the testimony of Federal Reserve Chairman Jerome Powell, which could affect the overall market sentiment. Short-term price target for DOGE After successfully surpassing the $0.26 resistance level, analysts have set the following short-term targets: 0.286 - The first resistance level to confirm the momentum0.311 dollars - Secondary target indicates stronger price pull0.335 dollars - Important psychological level before DOGE aims higher target If Dogecoin surpasses these levels, it could pave the way for another price increase above $0.335 and potentially reach the long-term target of $2, provided that the coin maintains a strong support level of $0.2. Will Dogecoin continue to rise in price? Despite the recent market downturn, Dogecoin has yet to enter a bear market. Many investors are closely monitoring to confirm the strength of the price increase before taking further action. The price volatility of this meme coin is crucial in the coming days, as continuous buying pressure could reinforce its upward trend. At the time of writing, DOGE is trading at $0.2536, down 5.3% in the past 24 hours. With the main support level at $0.2, Dogecoin still has the potential for a strong recovery and aims for higher targets. Final thoughts The latest breakout of Dogecoin shows a change in momentum, with analysts predicting the potential to move towards $0.33 and beyond. However, macroeconomic factors, investor sentiment, and volume trends will play a crucial role in confirming the prospects of DOGE's price increase. Is DOGE preparing for a major price hike? Stay tuned in this space! DYOR! #Write2Earn #BTCStateReserves $DOGE {spot}(DOGEUSDT)