Analyst Rekt Capital highlights Dogecoin breakout above pre-halving resistance, with a retest in progress and a 22.73% upside target if support holds.
This week, Dogecoin surged to $0.25 before pulling back to $0.22 amid the recent brief retracement in the broader market. Meanwhile, analysts point to technical patterns that indicate DOGE may be shifting into a more favorable market structure, even as broader sentiment remains cautious.
Dogecoin Sees Critical Weekly Breakout
Rekt Capital, a widely followed market analyst, identified a bullish development on Dogecoin’s weekly chart. The crypto recently secured a weekly close above the pre-halving resistance zone, a level that had previously capped price action for several months.
Marked in green on the chart, this horizontal band, which acted as a ceiling before the halving, now appears to be transitioning into a support level.
This technical flip, often referred to as a resistance-turned-support move, is a notable signal in trend continuation setups. A green circle on Rekt Capital’s chart highlights both the breakout and a successful retest of the zone.
As DOGE stabilizes around $0.22, the chart structure suggests growing bullish control. According to the analyst, a retest of the breakout level is currently underway.
If the green zone holds, the next target is expected to be at least $0.27. This projected move would represent a potential gain of 22.73% from current levels.
A Return to Key Resistance Band
Meanwhile, a separate analysis by market tracker Ali Martinez draws attention to a historically significant resistance area between $0.24 and $0.27. According to the shared chart, this zone has repeatedly acted as both support and resistance in recent months. DOGE has now approached this area again after rebounding from sub-$0.17 levels.
The zone served as support in late December 2024 and early February 2025 before flipping into resistance following a breakdown mid-February. Price reactions around this band have been notable, as reflected by repeated rejections in late February and March. DOGE’s latest rally into this resistance zone adds weight to its significance, as selling pressure historically intensified at these levels.
If Dogecoin breaches this resistance zone, it could invalidate previous rejection patterns and open the way for a sustained upward move.
Javon Marks Points to Long-Term Breakout Pattern
Yet another analyst, Javon Marks, emphasized a breakout from a multi-year descending trendline that began after DOGE peaked near $0.70. The breakout ended a prolonged series of lower highs and lower lows, marking a structural shift in price behavior.
Since that reversal, Dogecoin has consistently formed higher highs and higher lows. The most recent retracement found support at approximately $0.16, creating a new higher low and reinforcing the ongoing uptrend. Marks projects an extended upside potential with DOGE targeting $0.6533, possibly reaching $1.25 if resistance levels break decisively.
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