Dogecoin News: Will DOGE Rally 20% After Breakout?

Dogecoin News: DOGE breaks out from an ascending triangle pattern.
DOGE could soar 20% to reach $0.215 if it sustains above the $0.18 level.
Whale participation has been rising along with the price surge, indicating an ideal buying opportunity.

The Dogecoin (DOGE) news is making waves amid ongoing market uncertainty, showcasing impressive upside momentum and bullish price action. As of today, March 24, 2025, the meme coin has surged over 7%. With this, DOGE has breached an ascending triangle pattern, which it formed on the four-hour time frame.

Dogecoin (DOGE) Technical Analysis and Price Prediction

Following the breakout, DOGE appears bullish and is on the verge of massive upside momentum. According to expert technical analysis, if the meme coin holds this breakout and sustains itself above the $0.18 level, there is a strong possibility it could soar by 20% to reach the $0.215 level in the coming days.

At press time, DOGE was trading near $0.182 and had gained 7% in the past 24 hours. During the same period, its trading volume jumped by 95%, indicating heightened participation from traders and investors compared to the previous day.

Dogecoin/TetherUS 4H Chart | Source: Trading View

Despite a notable price surge in the past 24 hours, DOGE has yet to reclaim the 200 Exponential Moving Average (EMA), a key level for confirming a trend reversal.

Experts Predict What’s Next for DOGE

Additionally, a prominent crypto expert shared a post on X (formerly Twitter), further supporting Dogecoin’s bullish news. In the post, the expert stressed that the Bollinger Bands for Dogecoin (DOGE) are narrowing on the 12-hour timeframe, signaling a major rally ahead.

Dogecoin News: Whale Holdings Surge, Bullish Signal?

One interesting factor is Dogecoin whales and institutionals activity. Data from the on-chain analytics firm Santiment reveals that the number of whales holding 100,000 to 1,000,000 DOGE and 1,000,000 to 10,000,000 DOGE has increased along with the price surge.

DOGE Whales Holdings | Source: Santiment

This rise in whales participation indicates a potential bottom for the meme coin and suggests an ideal buying opportunity.

Dogecoin’s Key Liquidation Levels

As of now, the major liquidation levels are near $0.178 on the lower side and $0.187 on the upper side, with traders being over-leveraged at these levels, as reported by the on-chain analytics firm Coinglass.

Data further reveals that $19.85 million worth of long positions have been built in the hope that the price won’t fall below $0.178, while $8.36 million worth of short positions have been placed, expecting the price to stay below $0.187.