- The RSI enters over -sales territory, indicating a minimum of short -term price.
- The rupture of the descending wedge pattern points to a bullish impulse.
- A resistance close to $ 0.22– $ 0.25 in the coming weeks is expected.
Dogecoin is seeing greater interest on the part of the main investors this March, since the chain data reveals that more than 220 million tokens Doge were accumulated by whale addresses.
This activity increase occurs in the middle of a generalized rebound in the cryptocurrency market, which has promoted the price of Dogecoin to around $ 0.162. Token has also won 1.89 % in daily graphics.
Fountain: Coinmarketcap
Market signals, including technical ruptures and a relative force index (RSI), suggest that Doge could be preparing for another rise, potentially pointing to the range of $ 0.22 to $ 0.25 in the short term.
The whales added 220 million doge
The data show that the great Dogecoin holders accumulated more than 220 million Doge only in March 2025. This increase in the interest of the whales points to a renewed confidence in the short -term trajectory of the asset.
The moment of this accumulation coincides with a broader rebound in the cryptocurrency market, which has raised the prices of several important altcoins.
On Monday morning, Dogecoin traded at approximately $ 0.174, representing a 7.3 % increase in the last 24 hours. The recent performance of Token is greatly attributed to the general positive feeling in the digital asset sector and the technical indicators that suggest a bullish impulse.
Dogecoin market capitalization now amounts to approximately 25 billion dollars, which makes it one of the 10 main cryptocurrencies by assessment.
Alcista graphic signals
Dogecoin recently broke a descending wedge pattern, a formation that many operators consider precursor to an upward movement. This pattern usually reflects a slowdown in the sales pressure and a possible reversal.
Since this breakup, the Token has registered consistent daily profits.
Meanwhile, the four -hour RSI has fallen into over -sales territory, which is generally interpreted as a sign that the asset can be undervalued in the short term.
This change has aroused interest among the technical operators who see over -sales conditions as a purchase opportunity.
If the current impulse continues and Bitcoin maintains its current course, analysts suggest that Dogecoin could prove the resistance between $ 0.22 and $ 0.25 in the coming weeks.
This price range has historically served as a crucial level of both support and resistance during previous market cycles.
The pattern suggests a 270% rebound
The recent Dogecoin price action is also forming a higher minimum technical pattern, a structure that often precedes important price increases in the cryptocurrency market.
Observers point out that this type of configuration has been seen before significant ruptures in Dogecoin past, even during the 2021 bullish run.
The cryptocurrency analyst Javon Marks has identified this particular trend, suggesting that the highest highest minimums could lead to a significant ascending movement.
Based on historical data, it indicates the possibility of a 270%rebound, which would cause Dogecoin to rise to around $ 0.6533.
This projection is backed by past correlations between similar graphics structures and the Doge price action.
While this is not a guaranteed result, traders often use the formation of higher consistent minimums as a main indicator of the upward continuation.
Next objectives: $ 0.22– $ 0.25
Although the technical indicators and whale activity have a solid argument for short -term profits, Dogecoin’s future trajectory will also depend on external factors such as macroeconomic conditions, the movement of the price of Bitcoin and regulatory developments.
Doge’s correlation with Bitcoin remains high and any reversal in Bitcoin’s trend could affect the feeling throughout the Altcoins market.
However, current indicators are favoring the bulls, and the increase in accumulation by high -value addresses could provide the necessary impulse to sustain the rebound.
As of March 31, Doge remains one of the most marketed meme cryptocurrencies, and its price trajectory will continue to be determined by both technical developments and for the feeling of the market.
Analysts will be observing closely the next resistance levels at $ 0.22 and $ 0.25, which could determine if Dogecoin continues their ascent or faces another phase of consolidation.
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