After rising by more than 13% on Wednesday, Dogecoin is back in the news, which should be good news for all those meme coins like Shiba Inu, PEPE, and especially BONK, as all could have a menu filled with excitement. The latest Dogecoin run began after DOGE cleared a descending trendline and the 50-day Simple Moving Average, which can be a box of shifting momentum. According to data from Coinglass, the price surge liquidated over $11 million in futures positions, most of them shorts.
With DOGE Price now testing the $0.1809 resistance, hopes are high for a breakout toward $0.2106. But low volume suggests bulls aren’t fully in charge. At the same time, the recent Dogecoin rally has brightened its short-term outlook, overbought signals on the RSI and Stochastic Oscillator hint at a possible cooldown. Instead of just riding the meme coin hype, it’s worth digging into the chart to get a clearer read on Dogecoin’s Price movement around key levels in the past 24 hours.
DOGE Price Analysis of April 23rd, 2025
Dogecoin price initiated a steady uptrend on April 22, moving within a rising channel and quickly breaching the $0.163 mark, which had acted as an earlier temporary resistance. DOGE had a steady climb with some minor volume spikes during 03:00 and 12:00 UTC, indicating interest but no momentum. After a brief consolidation phase where DOGE created a small horizontal range between $0.166 and $0.170, DOGE broke out above the $0.170 resistance, shifting market structure, as the level became a support zone. Additionally, the RSI trend showed the bullish strength without significant exhaustion as DOGE moderated tapping and holding in the overbought territory.
Chart 1, Analyzed by Alokkp0608, published on April 23rd, 2025.
Between 15:00 and 21:00 UTC, DOGE mainly traded sideways, oscillating between $0.171 and $0.176, with momentum indicators like the MACD showing alternating golden and death crosses, reflecting a mixed sentiment and temporary equilibrium between buyers and sellers. Despite minor RSI dips toward neutral levels, Dogecoin Price maintained its footing above the newly established $0.170 support. This holding pattern hinted at accumulation rather than weakness. Post 21:00 UTC, renewed buying pressure drove a bullish continuation, breaking above $0.178 and forming a tighter short-term ascending pattern, suggesting another leg higher was likely brewing.
DOGE Price Prediction: What’s ahead for Dogecoin?
In the early hours of April 23, Dogecoin surged further, testing the upper range near $0.184. This rally brought price action close to the key resistance level of $0.185, where sellers began defending their positions more aggressively. The RSI remained in the upper half of its range, frequently brushing the overbought zone, while the MACD hovered near bullish crossover territory. With higher lows and higher highs intact, DOGE Price Prediction remains bullish as long as it holds above the $0.178–$0.180 support range. A confirmed breakout above $0.185 could push the price toward $0.190–$0.195 in the short term, while a rejection may bring a retest of the $0.175 zone.
DOGE Eyes Fresh Highs if Momentum Holds
Dogecoin is showing signs of strength after breaking above $0.178, and how it’s holding that level gives bulls something to cheer about. The chart shows a healthy uptrend with higher lows and strong support between $0.178 and $0.180. RSI is staying near overbought, and the MACD is close to a bullish crossover, which suggests fuel in the tank, especially if volume picks up. If DOGE Price Prediction plays out and it can close above $0.185, a push toward $0.190 or even $0.195 looks well within reach. But a dip back to $0.175 wouldn’t be surprising if it stalls here. While the broader Dogecoin rally helped kick things off, the current structure supports a technically driven move. All eyes are now on whether Dogecoin Price can keep climbing from here.
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