Dogecoin (Doge) recorded one of its strongest price surges in years, climbing nearly 34% over the past week and is currently trading around $0.28.
Analysts say that if Doge closes above $0.40, this could confirm a breakout of the downtrend that has been in place since 2021 and open the door to a new bull cycle.
Doge Approaching Long-Term Resistance
Doge has posted significant gains over the week, taking the memecoin back to the descending resistance line that has limited its upside momentum since 2021.
Traders have highlighted the $0.35 – $0.40 zone as the next important test.
If the price breaks through and closes the week above this zone, the trend structure will change dramatically: resistance will become new support, often signaling a long-term reversal.
Notably, the previous accumulation phase in the $0.06 – $0.08 zone has provided a solid foundation for the current strong rally. Volume has also shown an increase, reflecting greater participation – a factor that often accompanies strong moves.
A breakout setup seems likely. Some analysts see a likely scenario where Doge breaks above $0.40, corrects slightly, and then breaks out even stronger.
Next target: $0.60 and $1
The technical forecast has outlined clear targets. If Doge breaks above $0.40, analysts say $0.60 would be the first logical level, followed by the psychological $1.
The $1 level has become iconic for Dogecoin during its 2021 bull run. Analysts argue that the Token could reach this mark again if the rally continues.
However, this pattern needs confirmation, with a close above $0.40 Vai as a trigger. According to trader 0xMarioNawfal, a break above the long-term resistance level could accelerate the rally towards $1.
Volume are supporting the bullish scenario: both retail and institutional investors are participating more, reinforcing the strength of the uptrend.
Doge 's Outlook for the Next Cycle
The overall market is also supportive of Dogecoin. When Bitcoin is moving sideways near strong resistance, Capital flows often rotate to altcoins and Doge is one of the Token that clearly benefits.
The Dogecoin community remains strong. Activity on X (Twitter), along with its use in online payments and tipping, has helped Doge maintain its value beyond speculative trading.
These use cases, combined with discussions from institutional investors, have helped maintain momentum. Currently, $0.40 Vai an important threshold for the price of Doge.
If the price closes the week above $0.40, it would signal the end of a multi-year downtrend and open up the possibility of a new bull cycle, with targets of $0.60 and further $1.
The technical outlook remains dependent on sustained volume and follow-through buying.
While risks such as profit-taking and volatility are always present, the convergence of long-term support levels , rising volume , and bullish momentum suggest that Doge is approaching a key turning point.
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