TLDR:
- Dogecoin price hits $0.288 after a 3% 24-hour gain, showing a week-long 32% increase.
- Multiple technical layers create resistance between $0.28–$0.30, challenging bullish momentum.
- Whale buying and RSI crossovers point to growing demand for DOGE this month.
- Fed rate cut drives capital into risk assets, supporting altcoins and crypto market moves.
Dogecoin still has traders watching as the cryptocurrency navigates critical technical levels. Price action recently tested the $0.30 barrier but faced resistance. Analysts observe layered technical indicators that could determine the next move.
Market participants are also factoring in macroeconomic conditions, including central bank policy changes. The combination of technical and fundamental factors is shaping investor expectations.
Dogecoin Price Faces Key Technical Resistance
MarketMaestro, a crypto analyst, highlighted the pressure around $0.28–$0.30 in a recent tweet. They noted overlapping resistance layers including Fibonacci 61 retracement, VWAP, and Ichimoku cloud levels.
$DOGE
Let’s examine the chart in detail by zooming in:It got rejected from the red-marked zone I showed in my previous post.
In the $0.30–$0.28 zone, there are multiple resistance layers overlapping: BoS, fibo61, VWAP, Correction Band, Equilibrium, and the Ichimoku cloud… https://t.co/pHz0xgVytt pic.twitter.com/OX0MSEJSXW
— MarketMaestro (@MarketMaestro1) September 13, 2025
According to their assessment, these levels create a technically heavy zone for DOGE. A recent candle did break a red diagonal resistance, signaling potential bullish intent.
Whale buying activity has also caught attention. Strong purchases at these levels suggest demand is building despite temporary rejection. The monthly RSI has shown a positive crossover, hinting at further upside.
Analysts caution, however, that the monthly close will ultimately confirm trend strength. The interplay between technical resistance and investor demand will be crucial in the coming sessions.
Compression Patterns Indicate Potential Breakout
Zero Ika, another analyst, described compression patterns forming as price advances with smaller pushes.
Compression is identified when price advances with decreasing displacement, meaning each push covers less ground than the last.
Candle bodies get smaller, overlap increases, and swings form converging structures such as, in this case, a clean tightening channel.
In an… https://t.co/SiRNJyZAst pic.twitter.com/jxcrtPqmf4
— ZERO IKA
(@IamZeroIka) September 13, 2025
Candle bodies shrink while swings converge, creating a tightening channel. This structure suggests momentum is weakening while orders accumulate. Traders often view such setups as precursors to sharp breakouts once balance shifts.
In the broader market, macro conditions add context to DOGE’s movements. The Fed’s recent rate cut increases risk appetite, driving capital from safer assets to cryptocurrencies.
Analysts anticipate altcoins, including Dogecoin, may benefit from this liquidity flow. As of the latest data from CoinGecko, DOGE trades at $0.2884 with a 24-hour volume exceeding $9 billion.
Price has surged 32.75% over the past week, reflecting strong short-term gains. Traders remain focused on whether the $0.30 level will be decisively surpassed.
For now, technical signals and market flow suggest Dogecoin is positioned for potential upward movement.
Observers emphasize that clear movement above $0.30 would remove a critical hurdle. Until then, layered resistance zones could continue to cap near-term gains. Market participants are watching closely for the next key breakout.
The post Dogecoin Price Surges 32% in a Week as Whale Buying Pushes DOGE Toward $0.30 appeared first on Blockonomi.
Source: https://blockonomi.com/dogecoin-price-surges-32-in-a-week-as-whale-buying-pushes-doge-toward-0-30/