Dogecoin finds itself at a crucial price level with analysts divided on future movement while the ecosystem develops payment infrastructure to increase real-world utility.
 

TLDR:

• Dogecoin is testing a key resistance level around $0.18-$0.19 with analysts suggesting a potential 100% price increase if broken
• Technical patterns show similarities to previous bull runs in 2017 and 2021
• House of Doge launched an Official Dogecoin Reserve with a $1.8 million purchase of 10 million DOGE to improve transaction speeds
• Some analysts warn of a potential 30% crash due to a bear flag pattern that could push DOGE to $0.11
• Dogecoin ETF applications are under SEC review with Bloomberg analysts estimating a 75% approval chance by year-end

Dogecoin (DOGE), the popular meme cryptocurrency, is sending mixed signals to investors as it hovers near critical price levels. Technical analysts are divided on whether the cryptocurrency is poised for a significant breakout or preparing for a substantial decline.

The price of Dogecoin currently sits at $0.1847, having gained 5.69% in the past 24 hours. The cryptocurrency briefly touched $0.1887 on March 24, 2025, approaching what many analysts consider a key resistance level.

Dogecoin DOGE Price

Several technical analysts on social media platform X have identified the $0.18-$0.19 range as a crucial price zone. Breaking above this level could potentially trigger a strong upward movement, according to some experts.

The “World of Charts” account on X noted that Dogecoin is testing a downward trendline that has acted as resistance for several months. A breakthrough could lead to a price surge of up to 100%, potentially pushing DOGE toward $0.34.

$Doge #Doge Testing Crucial Multi Resistance Area, After Successful Breakout It Can Easily Give 2x. pic.twitter.com/2E5vuAgnRM

— World Of Charts (@WorldOfCharts1) March 24, 2025

Trading volume for the cryptocurrency has shown renewed interest, increasing by 123.45% to $1.58 billion over the past 24 hours. This surge in activity suggests growing investor interest in the eighth-largest cryptocurrency by market capitalization.

However, not all analysts share this optimistic outlook. Some point to a bear flag pattern forming on DOGE’s daily price chart, which could signal a potential 30% decline. This bearish scenario could see Dogecoin’s price fall to around $0.11.

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