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Dogecoin breaks the downtrend barrier, targeting $0.25 in the short term and $2.80 in the long term. 🌐
Dogecoin broke above $0.165, with strong bullish signals and increasing momentum.
The trading volume of DOGE rose by 35%, supporting analysts' targets at $0.23, $0.29, and $0.34.
Analysts indicate that Dogecoin could reach $2.8 in future cycles if the bullish structure continues.
Dogecoin (DOGE) shows strong indicators of entering a new bullish phase, driven by a confirmed breakout pattern. Recently, there was a third breakout of the descending wedge between Dogecoin and Bitcoin (BTC), a technical event that has previously led to significant increases in the price of Dogecoin. Current market conditions suggest that this time may not be different.

Dogecoin confirms the breakout of the descending wedge and trend reversal.
According to an analysis by Trader Tardigrade, the recent breakout of Dogecoin from a descending wedge pattern may lead to another significant rise. Historical patterns show that similar breakouts have preceded strong upward movements in Dogecoin's price. Supporting this view, the daily chart of Dogecoin confirmed its breakout from a descending trendline near $0.165 on April 22, 2025. The price then retested this line later, now forming support, before continuing its rise. As of April 28, Dogecoin is trading at around $0.18, reinforcing the strength of the upward trend. Cryptocurrency analyst Jonathan Carter also identified bullish targets for Dogecoin. He anticipates subsequent resistance levels at $0.23, $0.29, and $0.34. Trader "Tardigrade" stated that in the short term, Dogecoin's price may reach $0.25 by early May, while the long-term structure suggests a move towards $2.8 in future cycles.

The post "Dogecoin breaks the downward barrier, targeting $0.25 in the short term and $2.80 in the long term" was published on Crypto Front News. Visit our website to read more interesting articles about cryptocurrencies, blockchain technology, and digital assets. Additional technical signals align with this movement. The daily Relative Strength Index (RSI) settled at 58 on April 28, surpassing the oversold condition. Meanwhile, the MACD indicator showed a bullish crossover on April 27, indicating the strengthening of positive momentum.

Trading volume and analysts' targets support bullish movements
According to market trackers, the trading volume of Dogecoin over the 24 hours reached 1.2 billion US dollars on April 28, an increase of 35% compared to the previous week. Major trading pairs, such as DOGE/USDT and DOGE/BTC, experienced this surge.