Important points:
Dogecoin (DOGE)’s 7.5% rally from its local lows below $0.18 appears to be easing, but traders believe DOGE is on track to “continue its upward trend” towards higher targets in 2025.
Several data points suggest what needs to happen for Dogecoin to have a better chance of coming out of the consolidation in the coming days and weeks.
Dogecoin needs to break through $0.20 resistance
The bullish case for Dogecoin hinges on whether the DOGE/USD pair flips the resistance between $0.20 and $0.22 into support.
“DOGE is currently holding its value around $0.19 after a significant drop,” crypto analyst HODL Gentleman said in a recent post on X, adding:
“We need a clear break above $0.20 to indicate a trend reversal. Keep an eye on that level.”
This level coincides with the 200-day simple moving average (SMA), as shown in the chart below.
Glassnode’s distribution heatmap shows that a significant cluster of supply is concentrated in the $0.20-$0.21 area, where nearly 24.9 billion DOGE has recently been acquired, highlighting the importance of this level.
Another area of resistance is the $0.23-$0.24 range, which is reinforced by the 100-day and 50-day SMAs, respectively.
Related: Dogecoin’s House of Doge bets on Italian soccer underdogs
As reported by Cointelegraph, a break below the 20-day EMA, currently located at $0.22, would signal a decline in selling pressure. If this happens, DOGE price could rise to the 50-day SMA ($0.23) and then to the severe overhead resistance at $0.29.
DOGE needs to verify symmetrical triangle breakout
Data from Cointelegraph Markets Pro and TradingView shows that DOGE is trading inside a symmetrical triangle on the 4-hour time frame, as shown in the chart below.
To confirm a bullish breakout, price needs to close above the triangle’s upper trendline at $0.20, with a measurement target of $0.246.
Such a move would result in a total increase of 25% from current levels.
“Dogecoin continues its uptrend after breaking out of the falling wedge” on the 4-hour chart, analyst Trader Tardigrade said in a post on X on Friday.
The actual target value of the descending wedge is $0.216, which corresponds to a short-term price increase of 6.5%.
Fellow analyst Bitcoin Census has a more ambitious analysis, saying that if it follows a market structure similar to what we’ve seen in past cycles, “Doge could see prices rise to between $5 and $7.”
$Doge Monthly macro cycle 📐📈
Will $7 be next in this cycle?
Looking at past price history, #Dogecoinalways follows the same market structure and ends with a large move at the end of the cycle. 💥
If we repeated the same playbook, Doge would know… pic.twitter.com/eWlrPhKHvV
— Bitcoin Census (@Bitcoinsensus) October 16, 2025
This article does not contain investment advice or recommendations. All investment and trading moves involve risk and readers should conduct their own research when making decisions.