Dogecoin price has recently surpassed a long-term ascending trendline that began in October 2024. This key support level acted as a bulwark during recent market corrections and now serves as a signal of increasing bullish sentiment in the Dogecoin community. 2023’s price action, including several pullbacks, suggests this breakout could mark a significant turning point. The current activity is consolidating upwards alongside the trendline, indicating buyers are accumulating at this level. Technical analysis points to resistance levels near $0.30. The Fibonacci retracement level of $0.16537 aligns with the current price range and historical resistance zones from previous upward trends. 2023’s price action indicates a pullback towards the $0.14 zone could create further momentum, driving prices to test against $0.30 if the trendline continues to hold. The past 24 hours have seen significant Dogecoin price increase (up 13.69%) to reach around $0.2079 according to CoinGecko data. Trading volume has also increased, now standing at $1.77 billion, suggesting continued buyer interest. A notable transaction involving 807,378,538 DOGE tokens – worth nearly $149.76 million – has further fueled market discussions about potential investor activity.