Dogecoin Eyes $0.21 Breakout to Target $0.26
Dogecoin price has solidified its bullish trajectory after clearing key thresholds at $0.15, the 21-day and 50-day moving averages, and reclaiming its point of control. The token surged to $0.19 before consolidating near $0.198. It now confronts immediate resistance at $0.21 and the $0.22–$0.24 Fibonacci retracement zone. A break above $0.21 could drive Dogecoin to $0.26, while a decisive move past $0.24 opens the path to $0.32. Alternatively, rejection here may see a pullback toward the 50-day SMA and support around $0.14, setting up a higher-low to maintain bullish market structure. On the 4-hour chart, the 21-day SMA remains above the 50-day SMA, and volume spikes confirm momentum. Traders should monitor breakout volumes, support tests at key levels, and broader resistance at $0.45–$0.50 with support clustered around $0.25–$0.30.
Bullish
Dogecoin’s consecutive breakouts above the $0.15 support, key moving averages, and the point of control indicate sustained buying pressure and market confidence, suggesting a bullish short-term outlook. Immediate targets at $0.21, $0.26, and potentially $0.32 align with Fibonacci and structural resistance levels, offering clear upside zones for traders. The maintenance of a higher-high and higher-low structure further reinforces the bullish trend, which may attract momentum-driven entries. In the long term, retaining support at the 50-day SMA and the $0.14 level will be critical to preserve the upward bias. While potential pullbacks could offer buying opportunities, the overall setup points to continued price appreciation for DOGE.