- DOGE has broken a long-term descending trendline and successfully retested, gaining over 30% with signs of continued upside.
- The price is building momentum toward a 2x move, with a potential 133% rally as technical levels align in DOGE’s favor.
- Open interest has surged from 1.45B to 1.627B, supporting the rally and indicating new long positions, not just short squeezes.
Dogecoin’s breakout continues to gain traction as technical indicators confirm a significant shift in trend direction. The price action aligns with a classic breakout followed by a successful retest of a long-term trendline. Dogecoin is currently trading at strong levels, as reflected by higher volume and open interest.
The move out of Dogecoin started once it broke a downward trend line, which had been constraining it to movement over a period of months or so. This action caused a drastic surge, with the price of DOGE going 30 percent up in a very brief period. Much momentum formed fast as the volume rose and bullish sentiments rose at the trading platforms.
DOGE Zooms Over Long-Term Resistance, Records 30 Percent Gain
This explosion must have followed a consolidation in a symmetrical triangle that had a wide range between the last quarter of 2022 and the middle of 2025. The structure suggested compression of volatility, which typically leads to explosive movement once broken. Dogecoin confirmed this pattern by closing multiple candles above the resistance line, marking a trend reversal.
After breaking out, the asset moved into a clean retest phase, touching the breakout level before resuming its upward movement. This retest confirmed the breakout’s validity and now sets the stage for extended upside potential. Dogecoin continues to trend upwards and maintains its hold above the previous resistance turned support.
DOGE Retest Targets 2x Gain, Eyes $0.40 Level
Following the Dogecoin breakout, analysts identified a key retest around the $0.20 level, which has held firmly so far. The price dipped slightly after the initial rally but found strong support at the breakout point, creating a healthy setup. As the support level held, bullish continuation became the dominant expectation among technical traders.
The next key level lies near $0.40, which represents a potential 133% upside from the breakout zone. This target aligns with previous highs from earlier in 2025, adding technical confluence. The retest has been retained, and upward momentum is increasing, making DOGE nicely set up for another solid leg up.
The Dogecoin breakout faces a crucial point where it would break out easily with pressure to buy and subsequently explode to its new highs. The volume trends, the historical resistance levels, and the open interest trends are suggesting more gains. The structure remains intact, and DOGE remains above critical moving averages on most timeframes.
Open Interest Rises With Price, Supporting Bullish Setup
Dogecoin breakout gains further credibility from a sharp rise in aggregated open interest across derivatives markets. After bottoming at around 1.45 billion, open interest has now climbed steadily to 1.627 billion. This increase indicates rising participation and confidence in the bullish setup.
Price action on the hourly chart confirms this strength as DOGE forms consistent higher highs and higher lows. The short-term uptrend started on August 3 and has since accelerated toward the $0.225 level. Each push higher has been accompanied by stable open interest, suggesting fresh long positions rather than short covering.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
