Dogecoin Hits Resistance Level of 0.25 USD: This Price Range Could Determine the Trend

Dogecoin ($DOGE) has risen to a key resistance level near $0.25, sparking new interest as traders await the next move. The 12-hour chart shared by @ali_charts on May 13, 2025, shows that $DOGE is currently testing the price zone that has consistently acted as support and resistance over the past six months.

The asset is currently trading at $0.24903 after rising +7.42%, pushing it into a fiercely competitive price zone. Historically, this zone between $0.23500 and $0.27000 has seen multiple rejections, confirmed by five distinct arrows on the chart marking the reaction points. Traders are currently closely watching to see if the price will break through or stall. With the volume rising and the price hitting the resistance level, market participants are preparing for a potential directional change. Price action at this level could shape the short-term trend and market sentiment for Dogecoin. The historical rejection defines the price range $0.25 The shaded resistance zone displayed on the 12-hour chart marks an area with strong price memory. Dogecoin has faced at least five reaction points around this level since the end of 2024. Previous moves into this zone have been rejected, resulting in a sharp price drop. The three black arrows above at the beginning of 2025 clearly indicate that there was a sell-off when $DOGE hit this resistance level. Similarly, the two arrows below mark previous support bounces from the same zone, showing how it reversed roles based on momentum. The repeated reaction confirms this price level as a pivot point for Dogecoin. The current test marks the first time since early February that Dogecoin has approached this range with strong momentum. Whether that momentum is enough to push the asset through remains uncertain. Traders will be looking for confirmation from volume and closing candles before committing further. Breakout price or rejection: What will happen next? With $DOGE at $0.24903, just under one cent below the important resistance level, the price action ahead remains unclear. If the asset closes above $0.27000, it will mark a significant breakout from the recent range. This breakout could open the door for a move towards $0.30000 and beyond. However, if the price does not break through the resistance level, the likelihood is that the price will return to the zone of $0.21500, which is a possible short-term outcome. This level serves as a launch pad for the recent price rise and may provide strong support again if tested. Price action and volume around the resistance zone are likely to determine the direction in the coming days. Technical traders are watching the structure, volume, and time to confirm the breakout. A clean candle closing above the resistance level could trigger a continuation of the trend. Without it, traders expect consolidation or possibly a pullback to lower support. Can Dogecoin turn the resistance level into a support level at the mark of $0.25? When Dogecoin tests its historical resistance zone, traders pose an important question: can it hold steady and turn this level into a support level? The answer will depend on the closing strength, volume expansion, and the confidence of traders at this important zone. If confirmed, the trend may continue to rise. If rejected, the pullback may delay further rise.

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ItTakesTenYearsToShvip
· 3h ago
Others pumped a few days ago.
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