Dogecoin (DOGE) is showing strong bullish momentum, with its price rebounding from the support zone of $0.30 to $0.31, breaking through the descending trend line, and challenging the key resistance level of $0.36. The MACD and DMI indicators suggest that a bullish crossover is about to form, with sell pressure significantly decreasing, indicating signs of a trend reversal. After breaking through $0.36, DOGE is expected to rise further to the resistance zone of $0.41 to $0.42, and may even reach $0.5 or higher.
With the revival of the memecoin market, including active performances from tokens like PEPE and SHIB, DOGE is back in the spotlight. If DOGE's price can maintain its strength and break through its all-time high, reaching $1 in the first half of 2025 may become a reality.
