Dogecoin Price Analysis March 6, 2025: DOGE Spikes Over $0.2100 Resistance Level, Will it Continue?

Are you thinking of investing in DOGE and looking for the DOGE price trend to understand the market today? The Dogecoin price analysis drawn from the trading chart on Binance noted a powerful bullish tendency on March 6, 2025, at 04:49 UTC following its breakthrough from an important resistance point. Market movements became clearer by analyzing price action through additional technical tools, RSI and MACD.

Analyzed by baishnabtriparna, published on TradingView on March 6, 2025

The Dogecoin reached its major daily base at $0.1980 while trading on Binance from 06:00 UTC on March 5, 2025. The price showed strong indications of buying pressure after reversing from this point. Price action teams performed multiple tests on the support until the development of higher lows demonstrated that the barrier was robust.

Key Price Levels to Watch

Investors clearly recognized $0.2060 as a key resistance level during trading operations. During the day, the barrier prevented any upward price advancement as traders repeatedly checked it for resistance. A price breakout occurred at 03:50 UTC on March 6, 2025, when the market value rose above the established resistance at $0.2060, thus indicating the start of a powerful upward trend. Dogecoin price analysis shows that the price surpassed the $0.2060 resistance point at 03:50 UTC, while strong buying activity drove the market rise. The Dogecoin price today surged nearly 3% during one hour after the breakout at $0.2120 which occurred by 04:49 UTC. 

Confirming Buy and Sell Signals with RSI and MACD

The RSI indicator appeared beneath the price chart as it served to detect future reversal points in the market. At UTC 06:00 on March 5th of 2025, Dogecoin reached its daily bottom at $0.1980 as its RSI indicator fell beneath 30, indicating market conditions had become oversold. Due to exhausted selling pressur,e there were indications that a price change would occur.

Proof of an overbought market emerged when the RSI indicator touched 77.78 at 04:49 UTC as per the DOGE price trend on March 6, 2025. The MACD (Moving Average Convergence Divergence) indicator helped validate trend changes through its reporting system. The golden cross pattern appeared during market hours at 6:00 UTC on March 5, 2025, when the MACD blue line surpassed the signal line orange. The price change from $0.1980 met a strong buy signal when the bullish indicator appeared at the same time.

A death cross appeared in the MACD data at 12:00 UTC on March 5, 2025, after the MACD line sank beneath the signal line. The merging lines of the crossover pattern pushed the market value down to $0.2020 before the price recovered. The second golden cross emerged at 03:30 UTC on March 6, 2025, just ahead of the price breaking out at $0.2060. 

Bullish Momentum Outlook: Targets and Potential Retracements

Technical indicators confirmed the price action of the Dogecoin price today as it displayed noticeable patterns. The crucial price breakout occurred at 03:50 UTC when the value surpassed $0.2060 while showing complementing MACD indicators and RSI indicator signals moving out of oversold zones. According to UTC time 04:49 on March 6, 2025, Dogecoin maintained a stable upward trend at $0.2123.

The recommended entry position for traders came at $0.2060 following the breakout confirmation but taking profits above $0.2120 might be ideal because of the RSI displaying overbought conditions. Dogecoin might sustain a bullish momentum which would drive prices higher after maintaining support at $0.2060. An upcoming upward movement could occur following an RSI signal that shows overbought exhaustion if a price retrace happens.