Dogecoin Tests $0.30 Resistance While Bullish Channel Holds
Dogecoin (DOGE) is testing the $0.30 resistance for the third time in 2025. Each attempt has ended in rejection, reinforcing $0.30 as a critical barrier. The price remains within an 11-year ascending channel, with key supports at $0.22 and near $0.21 intact.
On the 4-hour chart, momentum indicators are cooling. MACD bars are shrinking, and RSI has pulled back from overbought levels to around 65. In DOGE/BTC trading, the pair holds above 0.00000180 BTC, reflecting demand at lower levels.
Traders should watch for a decisive close above $0.30 to confirm a bullish breakout. Conversely, a drop below $0.22 could trigger deeper corrections. The long-term channel suggests sustained upside potential, but short-term momentum warrants cautious trading.
Neutral
Dogecoin’s repeated failures at $0.30 have created a neutral outlook. Historically, each rejection led to pullbacks toward support levels. Current momentum cooling, with narrowing MACD and falling RSI, suggests limited near-term upside. However, the 11-year rising channel remains intact. A breakout above $0.30 would be a bullish signal, as seen in previous channel-based rallies. Conversely, a dip below $0.22 could prompt deeper corrections. In the short term, traders may face range-bound swings and consolidation. Over the long term, the maintained ascending channel points to gradual uptrend potential, provided key supports hold. Similar rejections in March and July were followed by consolidations and subsequent recoveries.