Dogecoin has experienced a notable price surge, breaking through a period of stagnant growth. Data suggests several factors driving this bullish momentum. Key on-chain activity, including large accumulation near $0.20, hints at increased buying interest from long-term holders. This zone serves as significant resistance for traders, potentially impacting the Dogecoin price’s trajectory. 11.12 billion DOGE were bought around this level, forming a formidable barrier that could influence price movement. Analysis suggests, if the price manages to break and close above $0.20, it could trigger a rapid shift in sentiment. This move could open doors for an upward surge toward the $0.23-$0.25 range. Analysts point out that Dogecoin has broken free from its downtrend after weeks of consolidation. Trading activity is increasing with traders showing renewed interest in the meme coin’s recent price action. The 1-hour chart demonstrates a clear reversal as prices recovered from a downward trend and began to push towards $0.18-$0.185. A successful flip of this area could signify a bullish turnaround. The key now is maintaining a price above $0.175 to sustain the momentum. If bulls can hold onto it, we may see a sustained rebound. A potential drop below $0.175 might trigger another retest of the lower level before renewed buying activity emerges. This next few days around $0.186-$0.20 could be pivotal as they’ll either confirm a full trend reversal or signal another dip. Whether the price manages to break through and gain momentum, the meme coin space may see a significant upswing.