Dogecoin (DOGE) is showing signs of a major breakout from a strong structure zone, setting the stage for a potential 50% price surge.
Technical analysis suggests that if DOGE clears key resistance levels, it could climb above $0.33, despite recent bearish pressure.
DOGE Breaks Out From Key Structure Zone
According to crypto analyst Klejdi Cuni, Dogecoin has moved beyond a critical structure zone that had been holding price action between $0.23 and $0.26 since February 5.
The breakout, identified on a 4-hour candlestick chart, indicates that DOGE could soon see further upside momentum.
This structure zone formed after Dogecoin’s drop below $0.22 on February 1, marking its lowest level since November 2024.
After a brief recovery, DOGE entered a consolidation phase, which it has now broken out from—potentially signaling renewed bullish momentum.
Short-Term Price Targets & Market Factors
Cuni predicts short-term price targets at $0.286, $0.311, and $0.335. If DOGE clears these levels quickly, it could set the stage for a strong push beyond $0.335.
However, the breakout may not immediately translate into a sharp rally. The market is awaiting testimony from Federal Reserve Chair Jerome Powell, which could influence overall crypto sentiment before Dogecoin’s next move.
Long-Term Outlook & Key Support Levels
Despite recent price fluctuations, Dogecoin remains in a bullish macro trend as long as it holds above $0.20.
Analysts still see the long-term $2 target in play, but a sustained rally will depend on broader market trends and investor confidence.
At the time of writing, DOGE is trading at $0.2536, down 5.3% in the past 24 hours. Will this breakout lead to the next big Dogecoin rally? Investors are closely watching for confirmation.
