Dogecoin Rallies 5% Today, What’s Fueling the Rally and Which Resistance Levels Matter?

Updated

August 13, 2025

Gambar Dogecoin Rallies 5% Today, What’s Fueling the Rally and Which Resistance Levels Matter?

Jakarta, Pintu News – Dogecoin is currently testing an important resistance level on the high time frame at $0.23, with price movements showing signs of continued bullish momentum.

Quoting the Crypto News report, this level coincides with the highest value area, making it a crucial zone to watch.

Since reclaiming the point of control at much lower levels, Dogecoin has continued to move up with a pattern of higher highs and higher lows. Now, the market focus is on the $0.23 resistance area which has historically been a major turning point in price movements.

If the price is able to break this level with conviction, there is potential for a quick spike towards the next important target.

Dogecoin Price Rises 5.40% in 24 Hours

dogecoin price today — Source: Pintu Market

On August 13, 2025, Dogecoin’s price climbed 5.40% over the past 24 hours, reaching $0.2393, or about IDR 3,884. Throughout the day, DOGE traded within a range of IDR 3,571 to IDR 3,901.

At the time of writing, Dogecoin’s market cap stands at around $36 billion, with trading volume rising 24% to $3.15 billion within 24 hours.

Key Technical Points

Key Resistance: $0.23 on the high time frame with the confluence of the highs area.
Upside Target: Resistance swing high at $0.28.
Market Structure: The bullish trend is maintained with a pattern of consecutive higher highs and higher lows.

The $0.23 level has proven to be a strong barrier in the previous trading session, where the last breakout attempt ended in a quick drop. However, this time DOGE’s price action held firm near the resistance, indicating stronger buying pressure than before.

If DOGE manages to convincingly reclaim the $0.23 level by the daily close, the opportunity is wide open for a quick rally towards the swing high resistance at $0.28.

This level has never been broken on previous daily closes, and a successful breakout would confirm the continuation of bullish momentum and the presence of strong demand at higher prices.

In terms of market structure, DOGE continues to respect its uptrend, characterized by consistently higher highs and higher lows. This bullish scenario is also supported by a healthy volume profile, indicating a steady flow of buying.

Maintaining volume above the resistance area will be key to validate the next leg up.

In the event of a breakout, momentum traders can aim for a continuation of the move towards the $0.28 target.

A clean daily close above the swing high could potentially trigger a stronger bullish expansion, even paving the way for DOGE to retest the higher, untouched resistance zone.

Forecast of Further Price Movement

If DOGE is able to close above $0.23 and maintain it on multiple daily candles , the chances of an increase towards $0.28 in the short term become very high.

A confirmed breakout above $0.28 would signal an expansion phase, potentially paving the way towards more aggressive upside targets.

Conversely, if it fails to reclaim the $0.23 level, the price risks consolidating or retesting the lower support area before attempting the next breakout.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today’s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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: