Dogecoin value has been exhibiting main power just lately with greater than 14% positive factors on the weekly chart and eyeing a possible breakout above $0.21, after which it could possibly kickstart rally to $2 for an additional 10x positive factors. Furthermore, Elon Musk has as soon as once more teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.
Dogecoin Price Eyes A 10x Breakout Ahead
In the final 24 hours, the Dogecoin value has surged one other 4%, transferring to $0.205 with its market cap simply touching $30 billion. Additionally, the every day buying and selling volumes have surged greater than 32%, crossing $2 billion exhibiting a robust bullish sentiment aong merchants.
Additionally, the Coinglass data reveals that the DOGE futures open curiosity can be up 4%, transferring above $2 billion, whereas the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart sample, whereby the DOGE value is on the transfer to finish the cup sample. As a outcome, he expects the meme coin to register 10x positive factors from right here onwards.
Some merchants additionally anticipate the DOGE price rally to proceed to $8 because the meme coin breaks previous the three-month trendline.
DOGE SuperTrend Indicator
Crypto analyst Ali Martinez has highlighted a possible bullish section for Dogecoin (DOGE) primarily based on the SuperTrend indicator. According to Martinez, the favored meme coin may enter a big upward pattern if it manages to interrupt by way of the important resistance stage of $0.21.
The SuperTrend indicator often helps to determine pattern reversals and potential breakout factors. Thus, surpassing this key threshold of $0.21 Dogecoin value may sign renewed investor momentum for the meme coin.
Elon Musk Teases the DOGE Ghibli Anime
In a parody of the well-known scene from Disney’s “The Lion King,” Elon Musk as soon as once more teases Dogecoin with the a lot well-liked Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu canine – the mascot of the Dogecoin cryptocurrency.
Theme of the day pic.twitter.com/2ioG0StAxL
— Elon Musk (@elonmusk) March 26, 2025
The animated picture is paying homage to Studio Ghibli. The Ghibli Animes are seeing huge reputation just lately, and Elon Musk leaping into the pattern with DOGE, may present additional catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts present a possible consolidation above $0.20 for the month of April.
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Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary expertise.
Disclaimer: The offered content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability on your private monetary loss.
