Can Dogecoin Break Through $0.1820 Resistance as Whales Manipulate the Market?

Dogecoin (DOGE) is a very interesting play in the crypto space after massive price swings, dogecoin is known as a massive meme driven owner from its model based on memes to this very day!

As of May 03, 2025 dogecoin is trading around $0.1780, and has a loss of 1.65% over the past day at the time of writing this. Investors are excited for the upward price action after last volatility.

Source:CoinMarketCap

How Do Technical Indicators Help Dogecoin in its Path?

In the daily time frame Dogecoin (DOGE/USDT) is creating a bullish falling wedge pattern that Has breakout potential. The RSI sits at 55 which is gaining momentum and is not overbought.

The MACD is bullish and the histogram is increasing, while the bars are expanding, and signifying upward movement.

Volume looks to be increasing and at the upper resistance of the wedge, which signals a breakout is possible. There is significant resistance at around $0.187, with support around $0.171.

If DOGE can breakout with volume, and continue to maintain bullish momentum, it could possibly target a price range of between $0.30 and $0.42.

Source:TradingView

What Do Liquidation Moves Reveal About Dogecoin’s Future?

Long liquidations (green bars) are present, suggesting bullish traders are being squeezed, while short (red bars) frequency and volume has slightly diminished, showing waning bearish pressure. DOGE price (yellow line) is consolidating after the latest downtrend and could indicate accumulation.

Longs are building without significant short pressure, which requires buying strength to proceed with a breakout. The daily timeframe scenario remains largely intact with a falling wedge breakout.

The liquidations have also noticeably dropped off so any sudden spikes of liquidations and price volatility; it is important to monitor for potential sentiment shifts from buyers to sellers.

source:Coinglass

Conclusion

Dogecoin is coiling up like Spring, stuck between meme magic and technical momentum. With a bull wedge, volume is higher and bearish liquidations are tapering off, the stage is set for a big move.

With conviction, we'll see DOGE fly in the upwards of the $0.30 - $0.42 range. However, don't think it's guaranteed; if it doesn't break the resistance it could be more sideways. And as always with DOGE, expect the unexpected, because it moves faster than any other meme currency.