Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dogecoin (DOGE) is about to reach a significant technical level that could decide what kind of year 2025 turns out to be for the meme coin. It has been a wild ride for DOGE since the start of May, with a 44% surge. Now, it is on the verge of its 200-day moving average — a line it has not crossed since late February.
What has been driving all this price action recently is a golden cross that happened earlier this month. Basically, the 23-day moving average went above the 50-day. Crossovers like this are a good sign of a trend shift, and this time it was spot on. Buyers jumped in, and DOGE quickly gained ground, going from around $0.17 to $0.245.
Now, Dogecoin is within range of the 200-day line, sitting near $0.27. That is where things start to get interesting, as this level is often seen as a longer-term dividing line between bearish and bullish trends.
If DOGE can keep going and move above it, that would be a solid sign that the momentum is real and not just a short-term spike. But a rejection could mean the rally has hit a wall.
At the moment, DOGE is doing well above both the 50-day and 23-day moving averages, which are at around $0.212 and $0.186. That keeps the tech setup positive, at least for now.
But everyone's keeping an eye on that $0.27 mark. It is not just a line on a chart — it is the test that could decide if this run is real or if it is already starting to fade.
Should DOGE break above this level, it could open the door to further gains. If not, the momentum might come to a halt.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team