Dogecoin Price: Breakout Potential on the Horizon

Dogecoin’s price has witnessed a significant surge in recent days, rising 18.96% within the past week and gaining an additional 6.13% in the last 24 hours, currently trading at $0.2372. This rally is attributed to factors like expanding DeFi applications and growing institutional interest. However, a key obstacle for Dogecoin’s price lies around the $0.25 resistance level, marked by a concentrated sell wall. Analysis from market watchers suggests that a break above this crucial level could trigger a substantial surge in price, potentially catapulting Dogecoin towards new highs.