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<a href="https://bbg-news.com/doge-usd/">Dogecoin</a> (<a href="https://pricpr.com/doge-usd/">DOGE</a>) on Verge of ‘Can’t-Miss’ Price Breakout

Dogecoin (DOGE) has gradually moved into a position often seen by traders, which could either mark the start of a new upward trend or be dismissed without much impact. As of Tuesday, Dogecoin is hovering just below $0.239. This level is significant because it’s one Dogecoin has encountered multiple times before. However, this time there seems to be more force driving its momentum.

Progressing with a steady beat, Doge’s price has been gradually ascending, taking baby steps from the $0.215 region. Each dip in price has prompted stronger buying activity, resulting in an emerging trend of higher bottoms.

There’s a strong possibility that surpassing $0.239 could drive the price up to approximately $0.265. This area hasn’t been visited for some time, but if the market continues its current trend, the road seems relatively clear leading there. However, it’s important to note that while the circumstances seem favorable, there are no absolute guarantees. The situation generally suggests an upward trajectory.

Should Dogecoin ($DOGE) manage to surpass the $0.239 mark, it might pave the way for an upward trend towards approximately $0.265. The energy and momentum behind this cryptocurrency are escalating!

— Ali (@ali_charts) May 21, 2025

Looking at the overall scenario, May has been something of a rollercoaster ride for Dogecoin. While it’s had its share of highs and lows, so far this month appears to be on an upward trend, with gains surpassing 30%. Interestingly, its current performance seems more akin to its stronger years, like 2019 and 2020, rather than its weaker periods, such as 2022 and 2023.

The data from the last quarter supports this as well. After a sluggish beginning to the year, with Q1 experiencing a dip of over 47%, DOGE has rebounded by more than 36% in Q2. If it continues to surge ahead now, it could further bolster the performance of Q2, potentially ending it on a stronger note.

If a clean separation doesn’t occur, there might be a phase of moving sideways without significant progress. After this, the next move may become apparent. In any case, it’s an important level to keep an eye on.

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2025-05-21 17:34