• Dogecoin rebounded 6% from $0.21 lows to $0.222–$0.224, signaling renewed bullish momentum.
• Technical indicators show mid-range RSI and rising trading volume, signaling strong accumulation by large investors.
• Analysts highlight symmetrical triangle breakout targeting $0.30–$0.32, while downside risks extend toward $0.19.

Dogecoin (DOGE) jumped nearly 6% in the past 24 hours, bouncing from $0.21 lows to $0.222–$0.224 on August 21, 2025. The rebound followed weeks of unsteady trading. Over the past month, DOGE has lost more than 20%, fueling concern about investor confidence.

Dogecoin Shows Signs Of Major Breakout

The latest price action sparked debate after crypto analyst Cas Abbe highlighted Dogecoin’s consolidation phase on social media. Abbe noted accumulation patterns forming across the market, suggesting potential for an expansion cycle. 

According to Abbe, DOGE has defended its long-term support multiple times, building a wide base often preceding large price swings. Rising trading volume further supports bullish momentum. Analysts argue this breakout attempt shows renewed market confidence. On-chain data continues reflecting resilience despite overall crypto market volatility.

Also Read: Dogecoin Price Analysis: Can $0.21 Support Hold Against Bearish Momentum?

Dogecoin RSI Indicates Potential Upside Moves

Chart signals suggest DOGE could be preparing for a breakout. Abbe pointed out that the Relative Strength Index remains mid-range, leaving upside potential before overbought conditions emerge. Historical cycles often show extended consolidation phases followed by sharp rallies. Current market conditions reflect setups seen in prior breakout stages.

Technical analysts also highlight a descending triangle pattern on Dogecoin’s chart. The structure forms lower highs while keeping flat support near $0.22. Such formations typically precede decisive moves. Analysts believe the upcoming breakout will determine the direction of DOGE price action for the next several weeks.

Dogecoin Key Levels To Watch

Ali Martinez, a well-known market analyst, also shares a similar prediction. He pointed out DOGE’s symmetrical triangle pattern. A breakout above resistance could be a trigger for a 40% ascent, taking the price to $0.30–$0.32. Meanwhile, a break below the support level could see DOGE being sent to $0.19 to dismantle the market structure.

While $1 seems distant, signals point to an imminent move. Whale accumulation and tested technical levels indicate DOGE is at a market crossroads. Traders are closely watching resistance levels for direction. The upcoming breakout will likely define price trends in the coming months.

Also Read: Dogecoin Price Surge: Could a Break Above $0.29 Spark a Massive Q4 Rally?