By cryptoadmin 
Dogecoin is drawing consideration after it spiked to $0.1842 on the time of writing, in response to the chart on CoinMarketCap, a 5.13% enhance within the final 24 hours. The spike follows a gradual rise from $0.1756 on March 24, 2025, and the value positions Dogecoin because the eighth-largest cryptocurrency.
The market cap is at $27.378 billion with a 24-hour quantity of buying and selling at $1.558 billion (up 117.39%), suggesting lively buying and selling out there. Ought to Dogecoin be capable to hold the momentum, or will it have a pullback?
Dogecoin Evaluation: Will Multi-Triangle Breakout Result in a 16% Surge?
A current tweet by Ali on X, reveals Dogecoin worth motion on a 1-hour timeframe within the TradingView chart beneath, exhibiting a breakout from an ascending triangle sample. On March 24, 2025, the Dogecoin worth moved by the triangle’s higher resistance of $0.18305, indicating a bullish breakout situation.
#Dogecoin $DOGE is breaking out of a triangle, which can lead to a 16% upswing! pic.twitter.com/25flXRvfcQ
— Ali (@ali_charts) March 24, 2025
The chart signifies Dogecoin might rise 16% to roughly $0.19250 if the breakout situation holds. Doge is at the moment buying and selling at roughly $0.1842, which helps this bullish breakout. If the momentum continues to the upside, Dogecoin might attain the value goal of $0.19250.
If the value fails to carry above $0.18305, this will push the value again to the help zone of $0.17500, which is the decrease trendline of the triangle.
Technical Indicators: Are the RSI and MACD Sending Blended Indicators?
The RSI presently sits at 47.13, implying it has a impartial momentum and may rise earlier than it reaches the overbought degree; nevertheless, MACD reveals some bearish divergence with a unfavorable worth on the histogram of -0.01160, indicating a waning momentum. Due to this fact, merchants wish to see a MACD crossover with the MACD above the sign line to proceed to verify bullishness.
Dogecoin worth chart
As well as, whereas the quantity spike on the CoinMarketCap chart helps the breakout that we noticed, the impartial RSI signifies that purchasing strain is fading, and we might doubtlessly be heading into consolidation.
supply:tradingview
Liquidation Traits: Is the Market Being Pushed by Shorts or Longs?
Since November of 2022, the quick liquidations (crimson bars) have had a rally section with subsequent spikes on worth actions. With worth rallies, primarily throughout the December 2022 and March 2023 timeframe, indicating that these considerably bearish in trades have been getting squeezed. The indicator of the lengthy place liquidation (inexperienced bars) stays small and modest, suggesting that bullish merchants stay sturdy.
The imbalance between the lengthy liquidation place and quick liquidation place signifies the bullish pattern of shorts getting squeezed, thereby making a cryptocurrency worth rally. Nonetheless, this pattern might utterly change if we see lengthy merchants unravel their positions by a liquidation section within the subsequent potential space of resistance at $0.2000.
Conclusion: Will Dogecoin Proceed to Tail Wag?
Dogecoin’s rise to $0.1842 is affirmed by bullish power, as evident from a triangle breakout and quick liquidations; nevertheless, the bearish MACD readings and impartial RSI sign warning and a possible consolidation. If Dogecoin can keep a place above $0.18305, there’s a cheap alternative for it to achieve $0.19250, however we suggest putting stop-losses at round $0.17500 to hedge danger on this unstable market.