Dogecoin Could Surge to $0.30 on Break Above $0.23
Analyst Ali Martinez highlights a key resistance level for Dogecoin. He argues that a decisive break above $0.23 could open targets at $0.25 and $0.30, with a potential extended rally toward $0.36 if volume picks up. Traders should watch for a clean breakout accompanied by strong trading volume, as the $0.23 zone also marks significant whale accumulation and profit-taking.
Recent data show substantial Dogecoin net outflows from centralized exchanges, signaling reduced immediate selling pressure. Only five days in August saw higher inflows than outflows. Meanwhile, Google Trends indicates that retail interest in Dogecoin remains well below the peaks of 2021 and 2024. Low hype levels may point to further upside before a new cycle top.
Technical indicators add to the bullish case. The TD Sequential has flashed a buy signal, and price remains confined within a $0.20–$0.24 range. A successful breakout could trigger rapid gains. Conversely, failure to hold above $0.23 might push Dogecoin back toward the $0.21 support level.
Bullish
The conditional break above $0.23 resistance aligns with patterns seen in past rallies. Major on-chain net outflows reduce selling pressure, while low retail interest often precedes further upside. A confirmed breakout with volume would likely trigger short-term momentum plays and attract new buyers. Historically, Dogecoin has delivered rapid gains when flipping key levels and supported by technical buy signals like the TD Sequential. In the long term, sustained demand and whale accumulation at higher prices could cement a bullish trend. If the $0.23 level fails, the risk remains of a pullback to $0.21, but the overall setup favors a bullish outlook under the stated condition.