Dogecoin Price Up 5% Today (12/3/25): Crypto Analysts See Potential Rebound in DOGE!

Jakarta, Pintu News – Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply- price has stolen the spotlight again after recording a 5% gain today, March 12, 2025, amid crypto market volatility.

This positive movement sparked optimism among investors, especially after several crypto analysts identified a potential rebound that could take DOGE to higher levels.

Dogecoin price rises 5.49% in 24 hours

On March 12, 2025, Dogecoin (DOGE) saw a 5.49% increase over the past 24 hours, reaching a trading price of $0.1632 (approximately 2,690 IDR). During this period, DOGE hit a daily high of 2,779 IDR and a low of 2,533 IDR, reflecting notable volatility in the market.

At the time of writing, Dogecoin’s market cap stands at around $24.22 billion, with trading volume dropping 24% to $1.91 billion within 24 hours.

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What happened to the Dogecoin price today?

Dogecoin Price Breaks Key Resistance

According to crypto analyst Javon Marks, the price of Dogecoin (DOGE) has surged 129% since breaking through a critical resistance trend line, signaling a major shift in market dynamics. The formation of higher lows indicates a potential continuation of the uptrend, with price action indicating an early expansion phase.

Technical analysis shows a clear breakout pattern, in line with historical price movements. Based on the Elliott Wave Theory, the price of DOGE is likely to be in the middle of a bullish impulse wave.

The surge in trading volume also confirmed increased market participation, reinforcing the potential for continued gains.

In addition, the market structure shows that this top meme coin is following a bullish wave pattern, with a series of higher highs and higher lows. The curved trend line in the chart indicates that DOGE has come out of a long correction phase and entered a breakout phase.

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Based on Fibonacci extension levels and historical resistance points, DOGE could potentially reach a breakout target of $0.6533.

If this pattern continues to hold, the price of this top meme coin could still experience further gains as market momentum increases.

Analyst Ali Martinez Finds Buy Signal for Dogecoin

Supporting the bullish outlook, crypto analyst Ali Martinez identified a potential rebound in Dogecoin price using the TD Sequential indicator.

This indicator gives a buy signal on the daily chart, which traders often use to detect trend reversals. This signal comes after a period of bearish candles, suggesting that DOGE may be entering a recovery phase.

According to Martinez’s analysis, a green buy setup appeared on the latest price candle, indicating a potential return of bullish momentum.

If DOGE continues to receive buying pressure, the price has the opportunity to rise to higher resistance levels.

Important Levels to Monitor

Following the breakout, Dogecoin price remains in a strong position, with support levels holding above the key zone. The higher lows pattern formed shows that buyers are still in control, reinforcing the possibility of further gains.

Resistance levels remain a major factor in confirming the next phase of the DOGE rally. The primary target of $0.6533 breakout remains in focus, with Fibonacci extension levels as an additional reference.

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If DOGE can maintain its momentum, the price could continue to rise and strengthen the overall bullish outlook.

More interestingly, another analyst predicts a more optimistic scenario. Crypto analyst DOGECAPITAL predicts that the price of DOGE could reach $90 by the end of 2025.

According to him, this parabolic rally will occur in the 3rd phase of the DOGE bull run, reflecting the previous market cycle pattern.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Eyes 318% Rally As Bullish Setup Gains Momentum. Accessed on March 12, 2025