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Dogecoin Price Struggles to Break $0.29 Resistance Level
The broader crypto market is currently under significant selling pressure, pushing Dogecoin (DOGE) down over 5.6% to $0.26 in the last 24 hours. As the price decline deepens, crypto analyst Ali Martinez highlights a critical level that could determine DOGE’s near-term recovery prospects.
$0.29: The Make-or-Break Level for DOGE
Martinez points out that $0.29 has consistently acted as a strong resistance for Dogecoin throughout 2025, repeatedly capping rallies. The analyst’s charts show DOGE recently climbing to about $0.28 before being rejected, reinforcing the importance of this barrier.
“The $0.29 level is crucial for Dogecoin’s ability to break out toward its $0.50 target,” Martinez explained. “Previous attempts in February, July, and August were unsuccessful, making this zone a key battleground.”
Potential for Bullish Momentum if $0.29 is Cleared
According to Martinez, a decisive daily close above $0.29 could ignite a significant upward trend for Dogecoin. This breakthrough may pave the way for DOGE to reclaim earlier highs between $0.32 and $0.35.
Such a move is expected to boost retail investor interest and wider market bullish sentiment. While the timing of this breakout remains uncertain, Dogecoin’s price hovering near the resistance suggests it is poised for a potential test of this level.
Dogecoin ETF Hype Fuels Optimism
Adding to the positive outlook is the increasing anticipation around a potential Dogecoin ETF launch. This development has sparked renewed hope among investors, which could help DOGE overcome key resistance levels.
As the crypto market navigates volatility, the $0.29 mark stands as a pivotal milestone for Dogecoin’s next price trajectory.
