Is Dogecoin about to enter a new bullish cycle? Things to note

Dogecoin ( DOGE ) recorded one of the strongest bullish rallies in years, climbing nearly 34% over the past week and is currently trading around $0.28.

Analysts believe that if DOGE closes above $0.40, this could confirm the break from the bearish trend that has lasted since 2021 and open up the possibility of entering a new bullish cycle.

DOGE approaches the long-term resistance level

DOGE has recorded a significant bullish trend this week, bringing this memecoin back to the descending resistance line, which has limited its growth since 2021.

Traders have emphasized that the $0.35 – $0.40 range is the next important testing threshold.

If the price breaks through and closes the week above this range, the trend structure will change significantly: resistance will become new support, often signaling a long-term reversal.

Notably, the accumulation phase in the $0.06 - $0.08 range prior has created a solid foundation for the current strong bullish trend. Trading volume also shows an increase, reflecting a greater level of participation – a factor that often accompanies significant volatility.

The breakout setup seems likely to occur. Some analysts suggest that a possible scenario is DOGE surpassing $0.40, followed by a slight correction, and then continuing to break out more strongly.

Next targets: $0.60 and $1

Technical forecasts have outlined clear targets. If DOGE breaks above $0.40, analysts indicate that $0.60 will be the first reasonable level, followed by the psychological milestone of $1.

The $1 level has become a symbol for Dogecoin during the bullish phase of 2021. Analysts argue that this token could reach this milestone again if the upward momentum continues.

However, this pattern requires confirmation, with a close above $0.40 serving as the trigger point. According to trader 0xMarioNawfal, breaking through the long-term resistance could accelerate the bullish momentum towards $1.

Trading volume is supporting an optimistic scenario: both retail and institutional investors are participating more, reinforcing the strength of the bullish trend.

Source: X## The Outlook for DOGE in the Next Cycle

The overall market also supports Dogecoin. When Bitcoin is moving sideways near strong resistance, capital often shifts to altcoins and DOGE is one of the tokens that benefits significantly.

The Dogecoin community remains active. Activities on X (Twitter), along with its use in payments and online tipping, help DOGE maintain its value beyond speculative trading.

Use cases, combined with discussions from investment organizations, have helped maintain momentum. Currently, $0.40 still serves as an important threshold for the price of DOGE.

If the weekly closing price is above $0.40, it will be a signal to end the long-term bearish trend and open up the possibility of forming a new bullish cycle, with a target of $0.60 and further to $1.

The technical outlook still depends on the sustained trading volume and the subsequent buying pressure.

Although risks such as profit-taking and volatility are always present, the consistency of the long-term support level, increasing trading volume, and bullish momentum indicate that DOGE is approaching an important turning point.

Vincent