Dogecoin regains momentum, trading at $0.2394, with rising volume and investor interest pointing to a possible breakout. Analyst Ali Martinez highlights DOGE’s return to a historical accumulation zone, often followed by major rallies. Breaking above $0.25 could trigger a sharp move, with little resistance until the $0.36 level.Dogecoin (DOGE), the memecoin, is in favor once more in the crypto community with breakout potential after volatility that has been sparked in the crypto community for weeks based on macrotrends. With investor sentiment still improving and technical structures in place, DOGE appears to be priming up for a significant leg up higher.At the time of writing, Dogecoin is trading at $0.2394 after recording a 3.46% increase in the previous 24 trading hours. With trading volume at $9.74 billion and market capitalization currently at $35.80 billion, this points to growing interest among traders expecting to see some kind of broader rally.
Dogecoin Enters Bullish Accumulation Zone
Notable cryptoanalyst Ali Martinez highlighted a bullish forecast for Dogecoin (DOGE), noting that the asset re-engages a major historical accumulation zone, one that previously represented swift, sharp upward price movements. This area in the past acted like a springboard to major rallies, with rapid upswings following after market forces pivoted in favor of the long side, Martinez outlined.
Taking his optimistic sentiment to the next level, Martinez pointed to the technical implications of DOGE breaking through the $0.25 level again. “Above that, there’s no significant resistance until the $0.36 level,” he went on to say, referring to the potential for a fast and violent breakout should the momentum continue to build pace.
The technical picture confirms growing investor optimism in the broader crypto universe, and DOGE is primed to be one potential leader in the coming trading phases.
Also Read | Dogecoin (DOGE) Price Prediction for July End: $0.28 in Sight if Support Holds
Dogecoin Prepares for Major Breakout
The Dogecoin price is unfolding within a broader crypto market rally, with key cryptocurrencies regaining ground following macroeconomic disappointments and policy risks. Speculation regarding decreasing interest rates, improving investor sentiment, and fresh inflows into alternative tokens are aiding sentiment across the board.
For Dogecoin, a $0.25 regain would not only be a psychological win but could also catalyze algorithmic buying and retail-based FOMO-based trading to produce a sharp upward momentum.
If bullish momentum persists and DOGE can break above $0.25, market players will naturally look to the $0.30-$0.36 region to provide the next major test zone. Failure to hold support will see the market price suffer a second period of consolidation within the $0.22-$0.24 region.
For the time being, Dogecoin remains among the must-watch altcoins, as technical and on-chain metrics are converging to suggest that we are entering a bull market all over again.
