Bull market faith is once again deified! Dogecoin (DOGE) breaks through $0.17, with the next target being a new starting point at $0.2!
Dogecoin (DOGE) staged a stunning reversal today, violently breaking the $0.1700 barrier against the USD, with a daily increase of over 15%, completely igniting market FOMO sentiment! With the support of Bitcoin and Ethereum's movements, DOGE bulls surged like wild horses, briefly reaching a high of $0.1852, setting a new annual high for 2025!
Is $0.1650 the 'golden bottom'?
Although DOGE/USD's hourly chart briefly fell below the $0.1760 trendline support (data source: Kraken), the price was crazily propped up by bottom-fishing funds around $0.1705, and the 100-hour moving average has become a stronghold for the bulls! The current key battle focuses on:
Bullish nuclear target: If it breaks through the $0.1800 resistance zone, DOGE will enter 'infinite rising mode', with $0.1850 merely a transfer station, and the psychological barrier of $0.20 may become history within a week!
The last line of defense for bears: If it loses the $0.1650 support, the market may trigger 'panic selling', but analysts exclaim: 'Any pullback is a buying opportunity! The faith of the Dogecoin community is harder than diamonds!'
Correction or crash? The wolves of Wall Street have already placed their bets! After a brief pullback to $0.1720, DOGE's on-chain data revealed that whale addresses were frantically accumulating, with the 50% Fibonacci retracement level ($0.1705) becoming the life-and-death line for bulls and bears.
Technical indicators show: Although MACD momentum has temporarily slowed, the 'golden cross' hides secrets! RSI is below 50 but shows a bottom divergence, indicating that the main force may be brewing a 'violent pull trap'!
As Musk tweeted again, 'D is for Destiny' (D stands for destiny), the Dogecoin community collectively boiled, and $0.2 has become the consensus target. Traders even declared: 'In 2025, DOGE will replicate the 2021 myth, and $1 is not a dream!'
Price surge scenario: Break through $0.1850 → $0.1920 → $0.20 (epic FOMO)
Price drop scenario: Fall below $0.1650 → $0.1550 (but may be instantly bought up by 'Dog believers')
Key level quick notes: Support level $0.1705 (life-and-death line), $0.1650 (golden bottom). Resistance level $0.1800 (breakthrough = takeoff), $0.1850 (historical high pressure)