Dogecoin Price Eyes 10x Breakout After Elon Musk Ghibli Anime

Dogecoin value has been exhibiting main energy not too long ago with greater than 14% positive aspects on the weekly chart and eyeing a possible breakout above $0.21, after which it may well kickstart rally to $2 for an additional 10x positive aspects. Moreover, Elon Musk has as soon as once more teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.

Dogecoin Value Eyes A 10x Breakout Forward

Within the final 24 hours, the Dogecoin value has surged one other 4%, shifting to $0.205 with its market cap simply touching $30 billion. Moreover, the every day buying and selling volumes have surged greater than 32%, crossing $2 billion exhibiting a robust bullish sentiment aong merchants.

Moreover, the Coinglass data reveals that the DOGE futures open curiosity can be up 4%, shifting above $2 billion, whereas the 24-hour liquidations have soared to $13.82 million. Well-liked crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart sample, whereby the DOGE value is on the transfer to finish the cup sample. In consequence, he expects the meme coin to register 10x positive aspects from right here onwards.

Some merchants additionally count on the DOGE price rally to proceed to $8 because the meme coin breaks previous the three-month trendline.

DOGE SuperTrend Indicator

Crypto analyst Ali Martinez has highlighted a possible bullish part for Dogecoin (DOGE) primarily based on the SuperTrend indicator. In line with Martinez, the favored meme coin might enter a major upward development if it manages to interrupt via the crucial resistance stage of $0.21.

The SuperTrend indicator normally helps to establish development reversals and potential breakout factors. Thus, surpassing this key threshold of $0.21 Dogecoin value might sign renewed investor momentum for the meme coin.

Elon Musk Teases the DOGE Ghibli Anime

In a parody of the well-known scene from Disney’s “The Lion King,” Elon Musk as soon as once more teases Dogecoin with the a lot well-liked Ghibli Anime character. As a substitute of a lion cub, the character is holding up a Shiba Inu canine – the mascot of the Dogecoin cryptocurrency.

Theme of the day pic.twitter.com/2ioG0StAxL

— Elon Musk (@elonmusk) March 26, 2025

The animated picture is paying homage to Studio Ghibli. The Ghibli Animes are seeing large recognition not too long ago, and Elon Musk leaping into the development with DOGE, might present additional catalysts for the meme coin. Moreover, the Dogecoin price prediction charts present a possible consolidation above $0.20 for the month of April.