{"id":6194,"date":"2025-05-12T17:52:00","date_gmt":"2025-05-12T16:52:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=6194"},"modified":"2025-05-12T17:38:08","modified_gmt":"2025-05-12T16:38:08","slug":"dogecoin-break-all-time-high-2025-memecoin","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/dogecoin-break-all-time-high-2025-memecoin\/","title":{"rendered":"Is Dogecoin about to break its all-time high in the coming weeks ?"},"content":{"rendered":"\n

Dogecoin Challenges Short-Term Resistances<\/h2>\n\n\n\n

The price of Dogecoin<\/strong> surged by 8%<\/strong> today, reaching $0.2486<\/strong>. However, the cryptocurrency<\/a> struggles to decisively break the psychological threshold of $0.25<\/strong>. In this context, Dogecoin’s technical signals<\/a> <\/strong>indicate a potential rapid decline, with the setup suggesting a possible bearish pattern.<\/p>\n\n\n\n

After hitting a peak at $0.2505<\/strong>, the memecoin’s price entered a sideways trajectory. It even dropped to $0.2245 on May 11. The recent rebound of DOGE<\/a> now challenges the short-term resistance, while warning of the possibility of a second peak<\/strong>. In this scenario, a double top pattern would form on the DOGE price chart, with support found at $0.2245.<\/p>\n\n\n

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\"Dogecoin
Source: TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

Bearish Double Top Pattern Emerging<\/h2>\n\n\n\n

If Dogecoin’s pullback breaks below $0.2245, a conclusive closing price below this support could indicate a vigorous and abrupt correction<\/strong>. The price target of this bearish pattern is calculated by adding the distance between the support and the peak at the breakout level, suggesting a 10% drop<\/strong> towards the next psychological support of $0.20.<\/p>\n\n\n\n

As Dogecoin struggles to surpass the previous peak at $0.2505<\/strong>, the Relative Strength Index (RSI) is dropping from the overbought zone<\/strong>, indicating a decline in trend momentum. This highlights a bearish divergence<\/strong> between RSI and Dogecoin<\/a>, a signal considered highly bearish when associated with a double top. Furthermore, the MACD and signal lines are converging after a bullish period, suggesting a decrease in trend momentum. Therefore, technical indicators forecast a bearish price outlook<\/strong> for Dogecoin, warning of a short-term pullback.<\/p>\n\n\n\n

High Risk of Massive Liquidations<\/h2>\n\n\n\n

Due to the possibility of a significant correction, Coinglass<\/em> data indicates a liquidation risk amounting to $100 million<\/strong> if DOGE’s price reaches $0.2278. This warns of the potential for a massive wipeout of bullish Dogecoin traders<\/a> in the market.<\/p>\n\n\n

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\"Dogecoin
Source: Coinglass<\/figcaption><\/figure>\n<\/div>\n\n\n

Although Dogecoin has experienced a 50% rally<\/strong> since the beginning of May, technical signals suggest that the memecoin could face a correction in the near future. The risk of a bearish double top pattern, combined with the potential for significant liquidations, urges investors to exercise caution<\/strong> in their DOGE positions.<\/p>\n\n\n\n

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