Dogecoin (DOGE) Breaks Above 50-Day EMA, Targeting the $0.30 Resistance Zone

(DOGE) is currently trading above its 50-day EMA, indicating a trend reversal.

Jakarta, pintunews.com – The price of Dogecoin (DOGE) is currently trading above its 50-day EMA, indicating a trend reversal. If it manages to break above the $0.20 level, Dogecoin could potentially head towards the resistance area in the range of $0.28 to $0.30.

If we glance at the daily chart (4/28/25), we can observe that the Dogecoin price trend is displaying a strong decline following the rally that occurred in December 2024. Since then, the price has dropped almost 60% from its high of $0.4846.

The decline culminated in forming a local low at $0.1410 before signaling a potential trend reversal. As we mentioned in the previous analysis, last week saw Dogecoin’s price recovery manage to break the 50-day EMA, which is crucial for indicating a change in trend direction.

On the intraday candle, there was a rejection of the price lower from the 24-hour low at $0.1738, with an intraday recovery of 1%. Additionally, the MACD line and signal line showed positive flow, crossing the zero line.

However, the short-term consolidation near the average line led to a slight decrease in trend momentum. This is reflected by the decline in the positive histogram, which indicates a potential negative crossover.

In other news, the price recovery has passed the highest trading volume zone since December 2024, which is around $0.17. As long as Dogecoin stays above $0.17, the uptrend will encounter the next important volume zone around $0.20.

If it is able to break this psychological level, the next high volume zone is at $0.32, which suggests more upside potential if the uptrend manages to break above $0.20.

If Dogecoin manages to bounce off the 50-day EMA, the uptrend is expected to face strong resistance around the $0.20 psychological level. This level coincides with the 23.6% Fibonacci level as well as the declining 100-day EMA.

If it manages to cross the area, buyers will likely aim for the psychological level of $0.30 and also the 50% Fibonacci level at $0.28.

Instead, important support for Dogecoin is currently at $0.17, with the next support around the psychological level of $0.15.

Crypto analyst Jonathan Carter is setting a new price target for Dogecoin as it exits a falling wedge pattern.

According to Carter, a small consolidation is visible on the two-day chart of Dogecoin before a major rally begins.

After successfully breaking out of the falling wedge pattern, the current uptrend is still stagnating around the $0.18 level.

“We’re still in a countertrend rally, so we’re not expecting huge moves just yet. But if we do get some good follow-through, then we can expect to see Dogecoin rally towards the $0.23 level.”

Carter added that if the meme coin manages to clear this resistance, the next target will be the 100-day moving average at $0.29.

“After that, we can expect to see Dogecoin rally towards the 1.272x Fibonacci extension, which is around $0.34.”

The analyst concluded by saying that the meme coin could continue to rally as long as it stays above the 50-day moving average.

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