Dogecoin (DOGE) price just crossed a critical psychological level, and both the hourly and daily charts suggest this move might not be a fluke.

The 1-hour Heikin Ashi chart shows that DOGE price recently broke through local resistance at $0.20 with rising momentum.

Dogecoin price crossed the critical psychological level of $0.20, and both the hourly and daily charts suggest that this move might not be a fluke. The cryptocurrency appears to be breaking out from a consolidation phase, potentially setting itself up for a strong move toward the $0.26–$0.28 range in the coming days. Let’s dig into the charts to understand why this breakout could be just the beginning.

Dogecoin Price Prediction: What Does the Hourly Chart Reveal?

The 1-hour Heikin Ashi chart shows that DOGE price broke through local resistance at $0.20 with rising momentum. This level had acted as a ceiling for several days, and the breakout was supported by higher lows, forming an ascending triangle—one of the most bullish intraday setups.

The Moving Average (MA) Ribbon (20, 50, 100, 200 SMA) is now stacked in bullish order with the 20 SMA at $0.195 and the 200 SMA trailing lower at $0.187. This alignment confirms a near-term uptrend. The price is currently at $0.203 with low selling pressure and strong Heikin Ashi green candles, hinting that bulls are firmly in control.

Also, Fibonacci retracement levels from the recent swing high around $0.21 to swing low near $0.18 show that DOGE has reclaimed the 0.618 golden zone and is now testing the 0.786 level, commonly a launchpad for accelerated moves.

If this breakout sustains, the next resistance lies for Dogecoin price around $0.21. A clean break above that could trigger a quick surge toward $0.23 and even $0.26.

Daily Chart Analysis: Bigger Picture Turning Bullish?

The daily chart supports the bullish short-term momentum. DOGE price is up +2.78% today and reclaiming the 50-day SMA, which is currently around $0.2017. This is significant because the 50-day SMA has acted as dynamic resistance throughout the last few weeks.

Moreover, the cryptocurrency is forming a short-term double bottom with support near $0.16, and the neckline at $0.203 is being tested now. If DOGE manages to close a daily candle above this neckline, the classic double-bottom pattern targets approximately $0.25. The measured move is calculated as:

Target = Neckline + (Neckline – Bottom)

Target = $0.203 + ($0.203 – $0.16) = $0.203 + $0.043 = $0.246

That’s about a 22.5% upside from current levels.

Adding fuel to the fire, the 20-day SMA has turned up and crossed above the 100 SMA—a medium-term bullish crossover. The 200 SMA still sits higher at $0.2589, and that could act as the final upside target if momentum persists.