{"content":"🐕‍🔥 Dogecoin Breaks Out — Trendline Shattered, Bulls Take Control Dogecoin bounced off support at the start of the week and has been rising steadily. After recovering from a low of $0.215, Dogecoin has been approaching $0.25 for many days. This rise corresponds with Bitcoin's record highs, which has boosted crypto market confidence. The breakthrough signals a complete shift from bearish pressure to bullish pressure, with the price structure becoming significantly positive. Dogecoin is currently on the route to continue its rise from its $0.13 low on April 7, and the next objective is the ascending channel top. This breakout depends on Dogecoin's careful response from the channel's midpoint before ascending again. The currency retested the $0.1950–$0.2150 demand block earlier in the week. This zone has become a strong structural support after failing to breach below. Dogecoin may reach the top of the rising channel if the price stays above this level. Melika predicts three important levels for Dogecoin traders to benefit from when momentum shifts to the bulls. First objective is $0.2530, the May 11 swing high. If Dogecoin bulls keep rising, the second objective of $0.2750 may be reached. Interestingly, this objective is near the ascending channel's top border. The biggest horizontal resistance is $0.3035 beyond that. This level supported Dogecoin in January. Dogecoin broke below $0.3035 in early February, marking a resistance zone. Breaking through this mark would signify a thorough rebound from the previous slump and lead to higher prices. Any rejection or collapse below $0.1950 would invalidate this bullish thesis by breaching the demand zone and channel structure. Dogecoin is now trading at $0.2447, up 2% in 24 hours. #DOGE #TrumpTariffs #MarketPullback #ETHMarketWatch $DOGE ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/24/8e2d12ff819b4e8eb32f86076317244e.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}