Doge Price Nears Triangle Breakout, Squeezes Toward $0.20

Written by Sahil Mahadik

Edited by Harsh Chauhan

Last Updated April 15, 2025

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Dogecoin surpasses $0.16 as Bitcoin crosses above the $84,000 mark. However, the short-term recovery faces critical resistance and struggles to overcome the $0.17 mark.

The price analysis reflects the Dogecoin price reaching the apex of a triangle pattern. Will this lead to a bullish breakout to the $0.20 mark, or is a breakdown inevitable? Let’s find out.

Dogecoin Price Analysis: Bulls Target $0.20

In the 4-hour price chart, the Dogecoin price action reveals a quick way-shift recovery from the $0.13 mark. This leads to a significant recovery with the help of a local support trendline.

However, the bullish recovery fails to surpass the $0.17 mark. This reveals a strong overhead supply zone, keeping the bullish growth in check.

Furthermore, the overhead ceiling and the support trendline create an ascending triangle pattern. Currently, the DOGE coin price is nearing the apex of the pattern, teasing a potential breakout rally.

Supporting the upside chances, the 20 and 50 EMA lines in the 4-hour chart have given a bullish crossover, with the 50 and 100 EMA lines on the verge of reclaiming positive alignment.

Hence, in case of a breakout rally, the bull run is likely to reach the R2 pivot resistance level at $0.1936. This increases the possibility of DOGE coin reclaiming the $0.20 psychological mark.

On the flip side, if the 20 EMA line in the 4-hour chart fails to hold the Dogecoin price, the downfall is likely to test the $0.15 mark. A steeper correction could put pressure over the S1 pivot support level at $0.1384.

Analyst Sirens Dogecoin To Reach $0.29

Supporting the upside chances in Dogecoin, Ali Martinez, a crypto analyst, signals a potential buying opportunity. The analyst highlights a potentially big week coming for Dogecoin.

As the Dogecoin price marks a significant low price rejection on the weekly time frame. Furthermore, it bounces back from a long-standing support trend line in the weekly chart, hinting at a new bullish swing for Dogecoin.

As per the analyst, the close above $0.17 could pave the way to $0.21 or $0.29. However, the analyst highlights the crucial $0.13 support level as a fail-safe level.

Written by Sahil Mahadik

Sahil Mahadik is a market writer at CryptoNewsZ with over three years of experience. He tracks price action and market trends in the crypto world. His work has appeared in major outlets like Pepper Content. Sahil specializes in technical analysis. He uses tools like on-chain data and chart patterns to find trading signals. He is also covering long-form price predictions. Sahil writes popular guides on the best altcoins to invest in and top crypto picks for long-term growth. As an active trader, he uses his hands-on experience with DeFi tools and exchanges to give readers simple, data-backed advice.