Dogcoin, the most valuable meme cryptocurrency on the market, faces strong resistance that must be overcome in enough volumes to end its bearish trend and continue to climb towards the new maximum after rebound.
At the end of June, when cryptocurrency was estimated at $0.14, Doge has increased by 70%moves to the current value of 0.25. Thus, the cryptocurrency created in 2013 defeated the bearish channel that it had maintained since USD 0.48 in December 2024.
Now, during this year 2025, Doge has tried to completely break its bearish channel, reaching $0.25. but, It’s a strong resistance with cryptocurrency prices And that led to a return to the past.
As can be seen in the graph below provided by TradingView, the Bearish Channel (yellow line), which began last December, remains throughout the year, with episodes that attempted to break, but have not been successful. With a resistance of USD 0.25 (green box), prices have returned to bassist pass, as happened in February and May this year.
In that sense, cryptocurrencies need to have the amount of trade required and significant enthusiasm so that Doge can break its resistance and point to a new maximum. It acts as a propeller for memo coin quotes.
Currently, the relative force index (RSI) measuring market impulses is 80.65 at the end of this report. Much better than the 70th brand This suggests that digital assets are experiencing overbuildingas seen in this graph:
This reflects the persistent impulse between assets of assets, but is usually a warning of the possibility of price corrections. When a $0.25 USD resistance bounces downward at the Doge price.
It should be remembered that many of the impulses Doge had in the past were the result of support from Businessman Elon Musk, CEO of SpaceX and owner of Social Network X.
As reported in Cryptootics, every time Musk began commenting on Doge, cryptocurrencies tended to significantly increase (and drop) prices. In fact, in May 2021 he played a historic maximum of $0.73 before Musk publicly spoke about the cryptocurrency on his Saturday night live program. And 35% collapsed after being qualified as a “thymus” by big names.
Currently, musk is silent around the doj The impulse of cryptocurrency seems organic and the market itself. Even cryptocurrencies have reinvigorated patterns that usually predict big climbs. It exceeds the simple 10-day mobile average (yellow line) over 20 days (blue line) as shown below.
Generally, it is a movement that is usually interpreted as a sign of the strength of short-term trends. Predict the possibility of bullish rebounds.
So it’s still to see if the market responds, whether Doge overcomes the resistance of USD 0.25 and points to the new maximum leaving a set day to day.
