Dogecoin price jumped to $0.27? Check out this expert analysis of critical levels!

Updated

May 13, 2025

Gambar Dogecoin price jumped to $0.27? Check out this expert analysis of critical levels!

Jakarta, Pintu News – Dogecoin is in the spotlight after experiencing a rise of more than 34% in the last seven days. Crypto analyst, Rekt Capital, has commented on the recent price action of the meme coin and highlighted the critical level that must be maintained for this bullish momentum to continue and push the price all the way to $0.27.

Key Levels for Dogecoin Price Surge

$DOGE

Dogecoin is now performing that key retest of Pre-Halving resistance into new support

Retest is now in progress

Hold green and at least $0.27 would be next#DOGE #Crypto #Dogecoin https://t.co/7Smdq4segv pic.twitter.com/uJziodEVrz
— Rekt Capital (@rektcapital) May 12, 2025

Rekt Capital, in a post on X, suggests that the Dogecoin (DOGE) price could soon surge to $0.27. However, he emphasized that the meme coin needs to maintain a green candle around $0.22 on the weekly chart in order to reach that price target.

This happened as Dogecoin (DOGE) retested its pre-cut resistance into fresh support. In his previous analysis, he also revealed that Dogecoin (DOGE) had managed to close the week above the pre-cut peak.

Currently, the Dogecoin (DOGE) price is retesting old resistance as part of a broader crypto market correction. The price of Bitcoin has dropped to today’s low of $100,800, dragging other altcoins with it. As a result, DOGE dropped to $0.22 from an intraday peak of $0.25.

Also Read: Bitcoin Approaches Rp1.74 Billion: Trend Analysis and Challenges May 2025

Potential Corrections and Impact of Token Release

In addition, Dogecoin (DOGE) is also at risk of correction due to the upcoming $100 million Dogecoin token release. Token releases usually put selling pressure on assets, which can lead to significant price drops. Despite the recent correction and the upcoming token release, crypto analyst Crypto Kaleo has predicted that the Dogecoin (DOGE) price will still reach the $1 psychological level.

He stated that it is time for market participants to start paying attention to the “king of memes” again as it eyes a rise to that price level. Interestingly, the accompanying chart shows that DOGE could even surpass the $1 level and jump as high as $3. Meanwhile, a rise to this price level is expected in the second quarter of this year.

Long-term Predictions and Market Attention

In the short term, the $0.22 price level is the level to watch out for. Coingape’s market analysis also notes that the bearish reversal pattern suggests that DOGE may drop to $0.22 before a sustained rally.

Nonetheless, given the optimistic predictions from analysts, the opportunity for Dogecoin (DOGE) to reach and even surpass $1 still seems wide open, depending on market dynamics and investor reactions to the upcoming token release.

Conclusion

With all of these factors in mind, investors and market watchers should pay close attention to key levels and the potential effect of token releases on the Dogecoin (DOGE) price. A significant rise is still possible, but as always in the crypto world, volatility is the norm and caution is key.

Also Read: 3 Altcoins that Catch Analysts’ Attention Amid Positive Market Sentiment: Significant Growth!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.