Dogecoin (DOGE) Price Prediction: Will DOGE Break Above $0.20 or Retreat Below $0.15 in May 2025?
Dogecoin (DOGE/USD) is currently trading around $0.175, having staged a short-term recovery from April lows. Despite broader market volatility, DOGE has managed to consolidate above the $0.15 region and is now pressing against a descending resistance line. As May 2025 begins, technical indicators suggest that Dogecoin is approaching a decision zone, where bullish momentum could trigger a breakout, or weakness could drag the price back into previous support zones.
Weekly Chart: Holding Above Critical Retracement Levels
On the weekly chart, Dogecoin has been consolidating between the 0.786 and 0.618 Fibonacci retracement levels. This range was derived from the $0.05 low to the $0.48 peak:
- 0.786 Fib support: $0.1475
- 0.618 Fib resistance: $0.2195
DOGE bounced strongly off the $0.15 zone, and recent candles show stabilization above this key retracement. If the price remains above $0.15, bulls may target $0.2195, followed by $0.27 (0.5 Fib). However, failure to hold this level could invite downside to $0.12 and $0.10, where strong historical demand exists.
Daily Chart: Descending Trendline Still in Play
The post Dogecoin (DOGE) Price Prediction: Will DOGE Break Above $0.20 or Retreat Below $0.15 in May 2025? appeared first on Coin Edition.
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Dogecoin (DOGE) Price Prediction: Will DOGE Break Above $0.20 or Retreat Below $0.15 in May 2025?
Dogecoin (DOGE/USD) is currently trading around $0.175, having staged a short-term recovery from April lows. Despite broader market volatility, DOGE has managed to consolidate above the $0.15 region and is now pressing against a descending resistance line. As May 2025 begins, technical indicators suggest that Dogecoin is approaching a decision zone, where bullish momentum could trigger a breakout, or weakness could drag the price back into previous support zones.
Weekly Chart: Holding Above Critical Retracement Levels
On the weekly chart, Dogecoin has been consolidating between the 0.786 and 0.618 Fibonacci retracement levels. This range was derived from the $0.05 low to the $0.48 peak:
- 0.786 Fib support: $0.1475
- 0.618 Fib resistance: $0.2195
DOGE bounced strongly off the $0.15 zone, and recent candles show stabilization above this key retracement. If the price remains above $0.15, bulls may target $0.2195, followed by $0.27 (0.5 Fib). However, failure to hold this level could invite downside to $0.12 and $0.10, where strong historical demand exists.
Daily Chart: Descending Trendline Still in Play
The post Dogecoin (DOGE) Price Prediction: Will DOGE Break Above $0.20 or Retreat Below $0.15 in May 2025? appeared first on Coin Edition.
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