NewsBTC

13 May 2025

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Dogecoin Approaches Key Resistance Level Amid Analyst Insights

Dogecoin has rebounded from a late-April low of $0.1298 to an intraday high of approximately $0.2597, leading to analyses from three market technicians.

Key Insights on Dogecoin

• Ali Martinez identifies a supply zone between $0.25 and $0.27 as crucial resistance. The latest 12-hour close is $0.24903.
• Rekt Capital highlights a "Pre-Halving resistance" level at $0.22014, indicating a potential retest towards this support level, with targets of $0.27884 and $0.33817 if sustained.
• Bitcoinsensus notes a bullish MACD crossover nearing completion, suggesting potential price increases; previous crossovers resulted in gains of about +165% and +330%.
• The target following the MACD crossover projection is $0.72, with mid-point support around $0.15.

A decisive move above $0.27 could negate the multi-month supply zone and validate Rekt Capital's targets. Conversely, a weekly close below $0.22 may redirect focus to supports in the high-$0.15 range. Currently, DOGE trades at $0.22485.