Dogecoin (DOGE) has leapt ahead of most top crypto assets, surging beyond a crucial resistance level and drawing bullish commentary from top market analysts. This recent momentum has sparked fresh excitement around the meme coin, with predictions of a potential 18% rally.
In the past 24 hours, Dogecoin climbed 5.30%, outshining notable cryptocurrencies like Cardano (2.73%) and Shiba Inu (2.45%). This surge aligns with renewed market optimism and positive developments within the DOGE ecosystem. Notably, the House of Doge, the corporate wing of the Dogecoin Foundation, announced the creation of an official DOGE reserve. The organization initiated the reserve with a 10 million DOGE purchase and committed to accumulating more soon.
Thief Trader Shares Strategic “Heist” Plan
The breakout hasn’t gone unnoticed. On March 24, a pseudonymous TradingView analyst, Thief Trader, shared a bullish forecast based on Dogecoin’s 2-hour chart. According to the analysis, DOGE launched into a strong upward trend after moving out of its previous accumulation phase.
Crucially, the coin broke through a dynamic resistance moving average (MA) and flipped into a support level. This shift, the analyst argued, creates a prime opportunity for buyers. Referring to his strategy as a “heist,” Thief Trader recommended a sniper-style entry using the 15—or 30-minute timeframes. He set a stop loss at $0.16—below the new MA support—while suggesting traders adjust risk levels based on individual tolerance.
He anticipates the price could rally to $0.22, marking an 18% increase from current levels. This target aligns with the Average True Range (ATR) zone, a level known for strong liquidity and resistance.
Related article: Dogecoin Eyes Recovery: Can DOGE Reclaim Its Former Highs?
Supporting Insight from Ali Martinez
Echoing Thief Trader’s sentiment, popular analyst Ali Martinez noted a similar breakout pattern. In his recent analysis, Martinez highlighted DOGE’s breakout from an inverted descending triangle on the hourly chart. He projected a 16% increase from the breakout point, pushing Dogecoin above $0.20.
Martinez has previously made bold calls for the coin, even speculating a long-term climb to $20—further fueling community optimism.
Current Price and Market Outlook
At the time of writing, Dogecoin trades at $0.1913, representing a modest 2% gain today. While minor in the short term, this uptick confirms bullish momentum, especially given its resilience above newly formed support.
If Dogecoin maintains its upward trajectory and attracts continued institutional attention, both analyst predictions—$0.20 and $0.22—may be closer than they appear. Traders and enthusiasts are now waiting to see if this “heist” turns into a full-blown breakout.
