Dogecoin Price To $0.17: Will DOGE Break $0.23 Resistance?

As of April 1, 2025, Dogecoin has been rising, along with the excitement of traders. According to CoinMarketCap, it trades at $0.1740 at press time, up 7.21% in the last 24 hours, with a market cap of $25.878 billion.

Dogecoin Price Analysis

The DOGE price is showing a descending triangle formation on the daily chart with an RSI of 44.47. This signals bullish potential that is yet to be marketed. This is coupled with the MACD, which shows a bearish crossover at -0.00764, which spells out bearish potential.

Source:TradingView

The current resistance level stands at $0.2367, and the support level is at $0.1380. If the price breaks above resistance at $0.2367, there is potential for the price to surge upwards to $0.618. This surely will signal bullish momentum.

On the other hand, if the price goes lower than the support level of $0.1380, it could sink lower to $0.0510, which signals a bearish trend.

Currently, at press time, Dogecoin’s trading price is $0.1740. The daily chart hints that Dogecoin could potentially test resistance at $0.2367. If it breaks that, $0.6180 could be the next target. Elsewhere, if the price drops below $0.1380, then $0.0510 might also be in play, especially if bearish momentum picks up.

Dogecoin Futures

The current value of the OI-weighted funding rate is 0.00313. This rate is bullish and shows a positive sentiment for future traders, as long-term traders are paying shorts and supporting the price rally. The bearish MACD warns of risk, however, because funding rates alone will not be sufficient to mitigate downside risk if there is a significant amount of selling.

Will Dogecoin Break Past Resistance?

Dogecoin seems to boast bullish momentum on both the daily levels, thanks to the RSI and positive funding rate. There is, however, a bearish MACD on the daily that suggests caution at resistance. The overall verdict suggests a possible breakout above $0.2367 should buying continue, but there is also a risk for a drop near $0.1380.

Written by
Sahil Mahadik

As a full-time trader with over three years of hands-on experience in the financial markets, I have honed an exceptional proficiency in technical analysis, which is the cornerstone of my daily monitoring of price fluctuations in leading assets and indices. My journey into trading began with a deep fascination for financial instruments, and this curiosity naturally expanded into the ever-evolving world of cryptocurrencies. I am currently contributing to CryptoNewsZ and have also written for Coingape, The Coin Republic and TheMarketPeriodical. I am driven by my passion for the markets and want to explore new opportunities, I analyze emerging trends and strategies to get maximum returns in traditional and crypto markets.