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Dogecoin (DOGE) may be gearing up for its biggest move of the year as it pushes against the long-standing downtrend that has capped its price since December. The weekly chart just showed a breakout above that line. If it holds through Sunday, DOGE could be setting up for a pump toward $0.50 - a move that would represent a 250% increase from current levels.
Currently, DOGE is trading near $0.196. More importantly, it is trading just above the trendline that has defined its decline over the past seven months.
A similar setup played out last October when Dogecoin broke a pattern and quickly rallied 600%. This time, the structure looks nearly identical: clean rejection after rejection, followed by a weekly candle punching through resistance.
So far, the breakout has yet to be confirmed. Weekly closes matter more than intraday spikes, especially for a pattern spanning over half a year. However, the early signs are promising. The breakout candle is holding its strength, volume is increasing and the close is only days away.
If the move is validated, chart watchers should anticipate a clear path toward the $0.50-$0.60 range. There is not much historical resistance until that zone, and the DOGE price has shown in the past that, once it starts moving, it does not stop halfway.
Meme coins typically accelerate first on recovering markets, and Dogecoin remains the category leader. This breakout suggests more than just upside; it may signal a shift in sentiment across the entire altcoin space.
All eyes are now on this weekly close. If DOGE finishes above the line, the breakout narrative will be hard to ignore.
Vladislav Sopov
U.Today Editorial Team