NewsBTC
20 March 2025
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Dogecoin Forms Bullish Pattern as Analysts Predict Breakout to $0.43

Dogecoin is consolidating below $0.18, holding support above $0.16 amid selling pressure on meme coins. Key points include:

  • Bulls need to reclaim resistance levels for a recovery.
  • Analyst Carl Runefelt suggests DOGE could break out from a bullish accumulation pattern.
  • On-chain data indicates renewed interest in DOGE.
  • Current trading price is $0.17, facing resistance at $0.18.

Dogecoin forming a falling wedge pattern | Source: Carl Runefelt on X

For a potential rally, DOGE must surpass the $0.20 mark, which may lead to higher targets like $0.25. Conversely, failing to reclaim this level could result in a decline below $0.15, with support around $0.12. The next few weeks are crucial for determining DOGE's direction.

DOGE testing short-term supply | Source: DOGEUSDT chart on TradingView