- RSI has entered oversold territory, indicating a potential short-term price bottom.
- The breakout from a falling wedge pattern signals bullish momentum.
- Resistance is expected near $0.22–$0.25 in the coming weeks.
In March this year, Dogecoin attracted strong interest from major investors, with on-chain data showing that large addresses accumulated more than 220 million DOGE tokens.
Against a backdrop of broad gains across the cryptocurrency market, trading activity surged, pushing Dogecoin’s price up to around $0.162. The token also rose 1.89% on the daily chart.
Source: CoinMarketCap
Market indicators, including technical breakouts and a rising Relative Strength Index (RSI), suggest DOGE may be positioning for another rally, with a near-term target range of $0.22 to $0.25.
Whales Accumulated 220 Million DOGE
Data shows that large Dogecoin holders added over 220 million DOGE in March 2025 alone. The influx of whale interest indicates renewed confidence in the asset’s near-term prospects.
This accumulation coincided with a broader rebound in the cryptocurrency market, which lifted prices across several major altcoins.
As of Monday morning, Dogecoin was trading at about $0.174, up 7.3% in the past 24 hours. The token’s recent gains are largely attributed to overall bullish sentiment in digital assets and technical indicators showing upward momentum.
Dogecoin’s market capitalization is currently around $25 billion, placing it among the top ten cryptocurrencies by market value.
Bullish Chart Signals
Dogecoin recently broke out of a falling wedge pattern, which many traders view as a precursor to an uptrend. This pattern typically reflects easing selling pressure and the potential for reversal.
Since the breakout, the token has sustained daily gains.
Meanwhile, the four-hour RSI fell into oversold territory, commonly interpreted as a signal that an asset may be undervalued in the short term.
This shift has captured the attention of technical traders, who often see oversold conditions as buying opportunities.
If current momentum continues and Bitcoin maintains its trend, analysts believe Dogecoin could test resistance between $0.22 and $0.25 in the coming weeks.
Historically, this price band has acted as a key support and resistance zone in previous market cycles.
Pattern Points to a 270% Upside
Recent price action has also formed a higher-low technical structure—a setup that often precedes significant rallies in the cryptocurrency market.
Observers note that this configuration appeared before past major Dogecoin breakouts, including the 2021 bull market.
Crypto analyst Javon Marks identified this particular trend and believes the series of higher lows could lead to a substantial rally.
Based on historical comparisons, he suggested Dogecoin could potentially rise about 270% to reach roughly $0.6533.
This projection is supported by correlations between similar chart structures and DOGE price movements in the past.
While not guaranteed, traders often view a consistent higher-low formation as a leading indicator of bullish continuation.
Next Target: $0.22–$0.25
Although technical indicators and whale accumulation provide solid reasons for a short-term rally, Dogecoin’s future trajectory will also depend on macroeconomic conditions, Bitcoin’s price action, and regulatory developments.
DOGE remains highly correlated with Bitcoin, and any reversal in Bitcoin’s trend could affect sentiment across the altcoin market.
Nevertheless, current indicators favor the bulls, and the surge in accumulation by large addresses may supply the momentum needed to sustain gains.
As of March 31, DOGE continues to be one of the most actively traded meme cryptocurrencies, and its price will remain sensitive to technical developments and market sentiment.
Analysts will closely watch the next resistance levels at $0.22 and $0.25, which could determine whether Dogecoin extends its rally or enters another consolidation phase.