🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
DOGE About to Rise Sharply? Strong Resistance at 0.25 USD Will Be the Final Push
In the past few days, the price of Dogecoin has struggled to hold steady as the price of Bitcoin reached several resistance levels. This has caused a wave of liquidation for cryptocurrency traders who had bet that the price would rise higher. The decline has also raised concerns about whether the bullish trend that started at the beginning of last month has ended. Dogecoin Price Faces Major Resistance Cryptocurrency analyst MindfullyLost explained what has been affecting the price of Dogecoin recently. According to the cryptocurrency analyst, the price of Dogecoin has been well supported on the 4HR, continuing above $0.21, even in a bearish trend. Additionally, when it comes to the hourly chart, there is also support forming for Dogecoin at this level. This occurs after testing the $0.22 level before the buyers could bounce back. This indicates weakness in this support and may fail with a more dominant move. Currently, there is an increasing resistance level at $0.23 for the price of Dogecoin, and the bears have started to push this level down. As the cryptocurrency analyst points out, breaking through this level will confirm the bullish trend of Dogecoin, turning it into a buying zone.
The next major resistance level is at 0.25 dollars and this is a decisive moment for Dogecoin. Bulls will need to fully test and break through this resistance level. If not, the likelihood of the price falling back to the support level at 0.21 dollars remains high. What Will DOGE's Next Move Be? The price of Dogecoin is currently consolidating and according to cryptocurrency analysts, this consolidation may continue for a period of time. This will translate into sideways price action in the near future, as well as continue the battle for dominance between the bears and the bulls. Bulls will have to start pushing the price higher to really try to test the first resistance level. Until then, Dogecoin may plunge deeper into the oversold zone, which will not be entirely bad for the price, making the recovery even stronger. Regarding how high the price of Dogecoin could rise if it breaks through major resistance levels, some cryptocurrency analysts have predicted that the price will rebound to at least the previous all-time high of $0.71. Meanwhile, others speculate that $1 is the natural target for Dogecoin, and two-digit predictions, such as reaching as high as $10, have also become a focal point.