Dogecoin is poised for a potential breakout as it approaches the $0.29 resistance level, following a period of consolidation. Currently trading at approximately $0.1878, the cryptocurrency has shown strong support at $0.16. Analysts have identified key resistance levels at $0.29, $0.45, and $0.86, which could guide its next significant price movements. The price has been maintaining an ascending channel since mid-2023, with the $0.12–$0.16 range serving as a stable accumulation zone. Resistance is noted between $0.25 and $0.30, with a possible rebound around $0.22. A successful break above $0.29 could propel Dogecoin towards $0.45, with a long-term target set at $0.86.