Dogecoin Heading for Breakthrough: Will Buyers Push $DOGE Rise Higher Than 157%?

Dogecoin is approaching a key breakout zone after surging to $0.18 before falling back. Analysts predict that surpassing the important resistance level could drive a 157% increase to $0.434. The accumulation increase of whales and network activity further supports the bullish momentum. Analysts predict that the price of Dogecoin will increase by 157%. Dogecoin has been trading in a prolonged bearish trend for several months since the peak of $0.4350 in January. This pattern forms lower highs and lower lows, tightening towards a key breakout point. The recent bullish movement to $0.18 has pushed the price of DOGE to the peak of this zone. Cryptocurrency analyst Carl Moon shared his insights on the price fluctuations of Dogecoin. He emphasized that the meme coin is approaching a structural breakthrough, which could trigger a strong bullish movement. According to Moon, if DOGE closes above $0.185 on the daily chart, this could confirm the breakout. Moon predicts Dogecoin could bullish 157% to $0.434 after a successful breakout. This target aligns with the high price reached before Donald Trump took office. However, DOGE must maintain the breakout level to avoid testing lower support zones in the upcoming trading sessions.

Whales support the bullish case for Dogecoin The price of Dogecoin maintains a strong support level between $0.16 and $0.17, preventing further decline. The analyst Whalesdesk recently identified this support zone as important for higher prices. He emphasized that Dogecoin needs to stay above this range to maintain its bullish trajectory. Whalesdesk has outlined a potential price roadmap leading to a four-year high of $0.60. He notes that before reaching this level, DOGE must overcome the resistance zones at $0.30 and $0.45. The analyst emphasized that the increased accumulation by whales supports the potential for a prolonged bullish phase.

On-chain data confirms that whale activity is increasing, with large holders accumulating Dogecoin at the current level. Historically, significant whale purchases have occurred before major bullish runs. This accumulation signals confidence among institutional investors and high net worth individuals. The Dogecoin network is witnessing increased activity. Dogecoin network metrics show increasing interaction from users and a larger number of transactions. The number of active addresses has increased in the past few weeks, indicating a rise in DOGE trading activity. In addition, trading volume on the Dogecoin network has also increased, indicating that demand for this token is growing. Trading on cryptocurrency networks increases significantly when prices are bullish. The increased participation level can ensure the ongoing price trend. At the same time, Dogecoin developers continue to enhance the efficiency of the network. The upgrades aim to improve speed and reduce fees, which could support broader adoption and utility in the future. Market sentiment and technical outlook The overall market experienced some minor fluctuations after the Federal Reserve announced new policy decisions. Macroeconomic factors have received positive feedback from investors when considering sentiment on digital assets. This new market sentiment also has a positive impact on the price volatility of Dogecoin. If there is a strong buy signal, the price of Dogecoin is likely to surpass important levels, thereby confirming. Currently, analysts are waiting for the level of $0.185, which appears to be the current breakout threshold for further bullish growth. Breaking through this level could open the door for DOGE price to continue bullish.