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Title: Dogecoin (DOGE) Price Prediction & Analysis: Breakout Could Send DOGE to the Moon Again
As reported on CoinCentral, a surge in whale accumulation has propelled Dogecoin’s (DOGE) price up by 7.3% in March 2025. This significant buying pressure has sparked renewed optimism among investors and technical analysts alike. With a J-shaped pattern forming on its monthly chart, the coin may be poised to breakout above the current resistance levels, potentially sending DOGE to new all-time highs.
Whale accumulation of over 220 million DOGE in March 2025 serves as crucial support for this bullish thesis. This influx of buying pressure has pushed DOGE’s price up by 7.3% over the past month alone, with no signs of slowing down anytime soon.
According to Trader Tardigrade, a J-shaped pattern has emerged on DOGE’s monthly chart. The analyst believes that this formation could potentially lead to significant upside, mirroring the behavior seen in previous market cycles.
In 2017, when a similar J-shaped pattern occurred during the bull market cycle, DOGE witnessed substantial upswings to new highs. Considering the current accumulation phase and the technical setup, it’s not unreasonable to expect a similar outcome this time around.
Currently, DOGE is trading at approximately $0.174, a significant increase from its January 2025 lows of $0.13. The market sentiment has taken a turn for the better, indicating growing confidence in DOGE’s fundamental and technical outlook.
Short-term price targets are focused on breaking resistance levels at $0.18 and $0.21, while more ambitious long-term projections suggest a potential climb to $5 or higher if DOGE can overcome these hurdles.
With such a robust setup and market dynamics working in DOGE’s favor, the potential for a large-scale rally is undeniable.
Source: https://coincentral.com/dogecoin-doge-price-prediction-analysis-breakout-could-send-doge-to-the-moon-again/
