Dogecoin has shown surprising strength this week, surging nearly 10% even as most altcoins struggled amid renewed macroeconomic tensions, including President Donald Trump’s tariff policy announcements. Trading above $0.2058 for the first time in two weeks, DOGE could be on track for an additional 11% climb if market conditions remain favorable. Technical indicators, on-chain metrics, and derivative trends all point toward a potential breakout. Analysts believe that if three key signals—technical momentum, network activity, and derivative positioning—continue aligning, Dogecoin could reach resistance levels near $0.24040, representing nearly 24% upside from current prices.

Technical Signals Flash Bullish Momentum

DOGE shows signs of trend continuation on price chart

Dogecoin hit a short-term peak at $0.20585 on March 26, outperforming peers affected by broader market volatility. The Relative Strength Index (RSI) sits at 52, indicating moderate bullish momentum. Meanwhile, the MACD shows green histogram bars above the neutral line, reinforcing a positive price outlook.

The next resistance level lies within an imbalance zone between $0.21465 and $0.24040. A decisive breakout above $0.21465 could propel DOGE to the upper boundary of that zone, with price action supported by growing demand and improved sentiment.

On-Chain Metrics Support Continued Growth

Holder activity and profit-taking trends show strength

On-chain data reveals that the number of DOGE holders continues to grow steadily, a sign of retail and institutional interest. Network Realized Profit/Loss remains modest, suggesting that large-scale profit-taking has not yet triggered downward pressure.

Active address count has held steady since mid-March, further supporting the meme coin’s resilience. Wallets holding 1 million to 10 million DOGE have been accumulating since March 10, even as the price climbs—indicating growing confidence among mid-tier holders.

Derivatives Traders Bet on More Upside

Open interest and long/short ratio signal bullish sentiment

Open interest in Dogecoin derivatives has rebounded to $1.98 billion, recovering from lows earlier this month. The long/short ratio on major exchanges like Binance and OKX is above 1, showing traders are positioning for a price increase.

Liquidations totaled $4.29 million in long positions on March 27, but with the price stabilizing and OI rising, this may attract new entries from sidelined traders. If spot prices follow derivatives sentiment, a retest of $0.21465 is likely.

ETF Speculation and Macro Catalysts in Play

Institutional narratives and regulatory shifts could fuel price action

One key catalyst is the pending Dogecoin ETF filing from Bitwise. If approved, it could elevate DOGE’s status among institutional investors. Broader regulatory developments, including a potential stablecoin bill in Congress, could also increase investor confidence.

In addition, Dogecoin has shown resilience during Bitcoin flash crashes—often recovering faster than other altcoins. Continued interest from whales and large wallets offers another layer of support for the bullish thesis in the coming weeks.

DOGE Technical and On-Chain Summary

| Metric | Status | | ---------------- | ---------------------- | | RSI | 52 (bullish) | | MACD | Positive momentum | | Active Addresses | Steady since mid-March | | Key Resistance | $0.21465 and $0.24040 |