Dogecoin Breaks Key Support—Is a $4 Surge Possible?

News, Trending

Dogecoin Breaks Key Support—Is a $4 Surge Possible?

  • Dogecoin’s 14.9% surge signals potential for a $4 target if support holds above $0.19.
  • RSI at 45.27 suggests room for gains, but momentum may fade as MACD shows slowing bullishness.
  • Dogecoin’s price action indicates a volatile path, with $0.18–$0.20 key for sustained rally.

Market analyst Ali Martinez predicts Dogecoin will break out of its current price range if it stays above $0.16 to $0.19. It’s stable position may lead to an ambitious price jump to $4 which could restore meme coin enthusiasm as well as energize the entire cryptocurrency market.

Source; X

Is Dogecoin’s Price Action Signaling a Bullish Surge?

Dogecoin’s price action paints an exciting picture. The charts reveal a sharp rally, with the price climbing to $0.2354 at press time, boasting a 14.9% increase in the last 24 hours. This breakthrough surpasses the critical $0.16–$0.19 support range, aligning with Ali’s prediction. 

The TradingView chart, spanning September 2024 to March 2025, shows a steep upward spike in late February to early March, peaking near $0.23583. However, a minor 1.48% decline hints at possible profit-taking. Therefore, it’s ability to hold above $0.18–$0.20 will determine whether this rally sustains or falters.

Do RSI and MACD Reveal Hidden Clues for Dogecoin’s Future?

Technical indicators offer deeper insights. The Relative Strength Index (RSI) maintains a position of 45.27 which indicates market neutrality in terms of overbought or oversold conditions. According to this indicator it is possible for the market to push higher before reaching exhaustion levels even though the declining RSI signals momentum weakening. 

Source: TradingView

Similarly, the Moving Average Convergence Divergence (MACD) shows bullish momentum, with the blue line above the orange signal line and green histogram bars. However, the converging MACD lines and shrinking histogram indicate slowing bullish pressure. Therefore, traders must watch these signals closely to gauge Dogecoin’s next move.

Conclusion: Will Dogecoin Reach $4 and Spark a Crypto Rally?

Dogecoin’s recent surge to $0.2354, up 14.9% at press time, supports Ali’s bullish outlook for a potential $4 target if it holds above $0.16–$0.19. However, the RSI and MACD suggest caution, as momentum wanes after the rally. Therefore, the crypto could either climb toward $0.5 or higher with renewed buying pressure or retreat to retest $0.18–$0.20 support. The final verdict? it’s future hinges on sustained volume and market sentiment, but its volatile nature keeps the $4 target tantalizing yet uncertain.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply