Analyst forecasts Dogecoin could reach $0.36
value of $0.26, reflecting an intraday loss of 1.85%.
Moreover, amid this temporary pullback, market analyst Ali Martinez notes that Dogecoin remains poised for extended upward movement before encountering significant pricing resistance. Glassnode’s UTXO Realized Price Distribution (URPD) data reveals a conspicuous clustering of over 5.23 billion DOGE, representing approximately 3.49% of the total supply, around the $0.36 price level. This observation suggests that a potential price surge to this point could prompt traders who are currently at a loss to exit their positions at breakeven, consequently amplifying selling pressure in the market.
Analyzing the price action on the daily chart, Dogecoin’s recent surge marked a clear breakout from a symmetrical triangle pattern that had confined its trading range since mid-February 2025. This breakout signifies a crucial shift in market sentiment, potentially initiating a new uptrend. Nevertheless, the coin faced a strong rejection recently from the $0.2875 resistance level, signaling the presence of considerable selling interest and the possibility of a corrective retreat. The Relative Strength Index (RSI) indicator, standing at 87%, ventured into the overbought territory, further strengthening the case for a corrective phase post the recent rally.
In the event of a corrective move materializing, Dogecoin is likely to test immediate support at $0.26 or, in a more profound pullback scenario, revisit the breached resistance of the symmetrical triangle pattern around $0.22.
In conclusion, while Dogecoin experienced a minor setback during Monday’s trading session, the overall price trend remains encouraging for further gains. With significant levels of resistance not expected until the $0.36 mark, the meme cryptocurrency retains room for additional upticks. However, investors should remain vigilant of potential corrections given the recent pronounced surge and the mounting pressure from the selling side. As the cryptocurrency market continues to evolve, strategic entries and exits in Dogecoin could be vital for maximizing profit potential and managing risk effectively.
