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**Dogecoin Order Block Points to 50% Rise to This Major Resistance Level**
In a sudden turn of events, Dogecoin’s (DOGE) price action has taken an unexpected shift, and according to Trader Tardigrade, the meme coin may have finally found its footing. Despite being in a downward trend since January 2025, DOGE has managed to break below key support levels and reclaim them for the first time since the beginning of the year.
**DOGE’s Breakout from Support Zone**
As seen on the chart above, DOGE’s price has reclaimed the CLS midpoint ($0.15) – a crucial level that had previously been broken multiple times throughout this bearish trend. This sudden reversal is not only unusual but also indicates that the bears may have lost control.
**Order Block Formation**
Furthermore, Trader Tardigrade highlights an order block formation in DOGE’s chart, which could potentially be a buy zone for traders. An order block is a trading concept that describes a situation where an asset’s price breaks below a key level and then reverses course to reclaim it. This behavior often precedes significant upward movements.
**Targeting 50% Rise**
Given the current momentum and the formation of this order block, Tardigrade predicts a potential 50% rise in DOGE’s price, targeting $0.22 as its major resistance level. This would be a substantial gain for the meme coin, which has struggled to find its footing since the beginning of the year.
**Conclusion**
The recent turn of events in Dogecoin’s chart has sparked excitement among traders and investors alike. While it is essential to remain cautious given the asset’s past performance, Trader Tardigrade’s analysis suggests a compelling buy opportunity at these levels. Will DOGE be able to break above this resistance zone? Only time will tell, but one thing is certain: the market is never as predictable as we think.
**Do you agree with the analyst’s assessment or do you have a different opinion on Dogecoin’s potential? Share your thoughts in the comments below!
Source: https://bitcoinist.com/dogecoin-order-block-rise/
