Dogecoin was stable above $ 0.22 from May 20 and went back after a short dip. He struck $ 0.25 on May 23, so he got back on the weekend. In the last 24 hours, the token has increased by 4.1%. More than a week, it has increased by 5%, even if it slipped mid -week.
The triangle model
According to the analyst of TradingView Akbar Karimzsfeh, Dogecoin has traced a long and unexpected triangle from its $ 0,73536 historic maximum on May 3, 2021. That peak was followed by a drop at $ 0.048 on June 13, 2022. Since then, any attempt to break on June 5, August 14 and October 923-Has. The lines of the triangle are approaching. When they meet, an acute move is likely.
Key resistance levels
Based on data, the upper trend line of the triangle also corresponds to the upper part of a large “cup” model around $ 0.4916. There was an attempt by Breakout in December 2024 and the prices almost hit that $ 0.4916 sign but were rejected. Subsequently, Doge went down to $ 0.13. Since then he has recovered some soil, but has yet to clarify that $ 0.4916 hinder themselves before the bulls can claim real control.
Recent price moves
Dogecoin remained in the balance of about $ 0.22 between May 20 and May 26. He reached the peak at $ 0.25 on May 23, only to slip later. So the last 24 -hour gain of 4.1% showed that it can bounce from the support. The 5% weekly rise indicates constant purchase, even with some pulbacks in the middle of the week. The traders are looking at a daily closure over $ 0.50 as a sign that the long narrow is over.
Chain metrics increase
The data on Chain perform the backup of the price action. New addresses have increased by 102.40% in the last seven days. Active addresses increased by 111.32%. Zero balance addresses increased by 155.45%. This suggests that more people are sending small quantities of doge or testing the network. It does not guarantee that they hold in the long term, but marks the highest interest and activity.
If Dogecoin can break over the higher trend line and keep over $ 0.49, some see a passage to $ 3.08. That target is based on the addition of the height of the triangle to the breakout point. It’s a big leap. Psychology and trading commissions could slow down this race. But the model says that a strong move could arrive.
Based on relationships, caution is still wise. Wait a clear confirmation before betting on a ball. A brief under the lower trend line near $ 0.05 would transform the bearish image. For now, Dogecoin is in balance, squeezed between two key lines. Trader and Fan will look at each closure greater than $ 0.49 or will go down below $ 0.05 to evaluate the next move.
In the foreground of Gemini Imagen, TradingView chart