Dogecoin ( DOGE ) is set to increase by 55% if this trend continues.

Dogecoin (DOGE) has increased by 18% in the past three days and is currently the best-performing cryptocurrency among the top 30 assets by market capitalization this week.

Data also shows that DOGE generated the highest weekly profits in 2025, a feat not seen since the last week of 2024.

Weekly DOGE Chart | Source: TradingView## 7% of DOGE supply is concentrated around $0.20

According to on-chain data from Glassnode, the unrealized price distribution of (URPD) for DOGE shows that 7% of the supply is concentrated around $0.20.

URPD is a metric that reflects the last price at which a token was moved and allows investors to identify resistance and support areas based on token clusters.

Dogecoin's URPD data | Source: Glassnode/With a large concentration at $0.20, Glassnode implies that this price level could act as a resistance threshold.

"If the level of $0.20 is broken, there will be very little supply of DOGE until the threshold of $0.31 – the next large URPD cluster. This gap increases the likelihood of a strong price recovery, as there are not many resistance levels in between. Pay attention to the breakout momentum if trading volume increases."

A breakout towards $0.31 highlights a potential surge of 55% from the $0.20 level, paving the way for a bullish market structure on the higher timeframe (HTF).

After $0.20, the next resistance level for DOGE is between $0.32 and $0.41, where there are HODL waves from 3 to 6 months. These HODL waves represent where investors bought DOGE in January 2025. This could also act as a sell ceiling as some traders may want to exit their positions at break-even.

Dogecoin Breaks Through Downtrend Line

On March 24, House of Doge announced the launch of the "official Dogecoin reserve fund" with an initial purchase of 10 million DOGE tokens. The current price surge follows this news, creating a positive sentiment in the community.

House of Doge, the newly established business branch of the Dogecoin Foundation, has announced:

"With the strategic reserve fund, House of Doge is laying the foundation for a payment ecosystem that ensures liquidity, stability, and reliability."

However, the fund stated that the purchased tokens have not yet been transferred to its holding account. House of Doge revealed that they will provide the Reserve Fund address on the website to maintain transparency after the transaction is completed.

Before the breakout, trader Tardigrade noted that Dogecoin had broken through the descending trend line that had formed over the past 3 months throughout 2025.

Analysis of DOGE price | Source: Trader Tardigrade/XThis could positively impact the price of DOGE in the short term, as this memecoin seems likely to experience a slight price increase in the coming days.

You can check the price of DOGE here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do thorough research before making decisions. We are not responsible for your investment decisions.

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Viet Cuong

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