Dogecoin Is Set to Rise 55% If This Trend Continues

Dogecoin has increased by 18% in the past three days and is currently the best-performing cryptocurrency among the top 30 assets by market capitalization this week. Data also shows that DOGE generated the highest weekly return in 2025, a feat not seen since the last week of 2024.

7% DOGE Supply Concentrated Around $0.20 According to on-chain data from Glassnode, the unrealized price distribution (URPD) of DOGE shows that 7% of the supply is concentrated around $0.20. URPD is a metric that reflects the price at which the token was last moved and allows investors to identify resistance and support areas based on token clusters.

With a large concentration at $0.20, Glassnode implies that this price level may act as a resistance threshold. "If the $0.20 level is broken, there will be very little DOGE supply until the $0.31 threshold – the next large URPD cluster. This gap increases the likelihood of a strong price recovery, as there are not many resistance levels in between. Pay attention to the breakout momentum if trading volume increases." A breakout towards $0.31 highlights the potential for a 55% surge from the $0.20 level, paving the way for a bullish market structure on the higher time frame (HTF). After $0.20, the next resistance level for DOGE is in the range of $0.32 to $0.41, where there are HODL waves from 3 to 6 months. These HODL waves represent where investors bought DOGE in January 2025. This could also act as a selling ceiling as some traders may want to exit their positions at breakeven. Dogecoin Breaks Through the Downward Trend Line On March 24, the House of Doge announced the launch of the "official Dogecoin reserve fund" with an initial purchase of 10 million DOGE tokens. The current price surge is occurring right after this news, creating a positive sentiment in the community. House of Doge, the newly established business branch of Dogecoin Foundation, has announced: "With the strategic reserve fund, House of Doge is laying the groundwork for a payment ecosystem that ensures liquidity, stability, and reliability." However, the fund stated that the tokens purchased have not yet been transferred to their holding account. House of Doge revealed that they will provide the Reserve Fund address on the website to maintain transparency after the transaction is completed. Before the breakout, trader Tardigrade noted that Dogecoin had broken the downward trend line formed over the past 3 months throughout 2025.

This could positively impact the price of DOGE in the short term, as this memecoin seems likely to experience a slight increase in the coming days.