Dogecoin Targets $0.35 Amid Bullish Momentum and Trading Volume

Dogecoin has experienced an upward trend, pushing towards the upper end of its consolidation range. Recent analysis indicates a potential shift in momentum as Dogecoin tests its point of control with a bullish reaction, targeting $0.35 in the short term and potentially $0.6 long term.

Key Points

Dogecoin is testing a high-volume resistance area that has defined its trading structure since February.
There is aggressive buying around $0.25, which is crucial for transitioning from range-bound movement to an upward rally.
A daily close above this point of control with strong volume could signal a move to higher prices.

Price Targets via Fibonacci Levels

Breaking above $0.25 opens the path to the 0.618 Fibonacci level at approximately $0.35.
Further extensions could take it to $0.36 (0.66 Fib extension) and $0.4 (0.786 Fib extension).
A move to $0.35 would confirm bullish dominance above the consolidation range.

Currently, Dogecoin is trading at $0.2874, up by 12.6% in 24 hours and 33% over seven days. The focus remains on sustained buyer participation to maintain upward momentum, as insufficient volume could lead to a return to range trading.

Dogecoin Price Chart