Dogecoin Flashes Major Breakout Potential with $0.70 Target

According to crypto analyst Ali Martinez, Dogecoin (DOGE) is showing strong signs of a potential breakout that could see its price surge toward a new target of $0.70. This bullish forecast is contingent on the meme coin successfully overcoming a crucial resistance level at $0.36.

Clearing the Path for an Explosive Upsurge

The $0.36 price point is a major point of contention for Dogecoin. The article notes that a substantial portion of the circulating DOGE supply—over 5.23 billion tokens—was acquired at this level. This makes it a significant resistance barrier, as some holders who bought at this price may be looking to sell to break even or minimize losses. However, if the bulls can push the price decisively past the $0.362 mark, the path is expected to be clear for a more explosive upsurge. The analysis indicates that there is no other major resistance level until the $0.70 mark, suggesting a significant run could be triggered once this initial barrier is broken.