Elon Musk’s Ghibli Tweet Sparks Dogecoin Rally: DOGE Bulls Target $0.25

Dogecoin price is once again in the spotlight, thanks to Elon Musk’s latest tweet referencing a Ghibli anime. The billionaire’s influence on DOGE remains strong, triggering a fresh wave of speculation in the crypto market. Following his post, Dogecoin surged, with traders eyeing a potential 10x breakout. The current price action suggests a bullish pattern is forming, with analysts highlighting the cup-and-handle structure that could drive DOGE toward its $2 target. As excitement builds, many are wondering: can Musk’s tweet be the catalyst that propels Dogecoin to new highs, or will resistance levels hold back this rally?

Elon Musk’s Ghibli-Inspired Tweet Sends Dogecoin Soaring

Elon Musk has once again sparked excitement in the crypto market with a tweet referencing a Ghibli anime, causing a surge in Dogecoin price. The billionaire’s influence over DOGE remains strong, with traders reacting instantly to his social media activity.

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

— Elon Musk (@elonmusk) March 26, 2025

Following Musk’s tweet, Dogecoin saw a sharp increase in buying interest, with trading volumes rising significantly. The meme coin quickly gained momentum, drawing attention from both retail and institutional investors. Market participants are closely watching how Musk’s involvement will impact DOGE in the coming days, as past endorsements have triggered major rallies in the cryptocurrency’s history.

Dogecoin Price Prediction: Bulls Eye $0.20587, But Bearish Pressure Looms

The trading day of March 26th kicked off with bullish momentum, driving Dogecoin’s price upward. However, an overbought condition at 1:30 UTC signaled potential exhaustion among buyers. Soon after, bearish pressure emerged as a death cross appeared at 1:56 UTC, indicating a downward move. The decline pushed DOGE into an oversold territory at 3:50 UTC, where the price found solid support at $0.18978. At 4:25 UTC, a golden cross formed, signaling renewed bullish activity. This led to price fluctuations, followed by a sharp spike as overbought conditions surfaced between 6:50 UTC and 8:35 UTC. 

Chart 1, analyzed by ShwetaCW, published on TradingView, March 27, 2025

The presence of consecutive overbought situations suggested strong buying pressure, but also a likelihood of a reversal. Despite this, another golden cross at 22:45 UTC on the MACD line fueled an upward trend, reinforcing bullish sentiment. As March 27th unfolded, DOGE hit an overbought zone at 2:50 UTC, signaling potential resistance. At 3:20 UTC, a death cross appeared, introducing bearish momentum. The downward trend continued at 10:40 UTC when a death cross appeared, pushing the price lower. 

As per DOGE price prediction, if the downward trend continues, it could break $0.18978 support. However, if the trend reverses, it could test resistance at $0.20587. Traders should closely monitor technical indicators to determine its next move.

DOGE’s Next Move

Elon Musk’s recent mention of Ghibli anime has once again fueled excitement around Dogecoin, leading to increased market activity. While such endorsements have historically triggered bullish movements, the current DOGE price prediction suggests mixed signals. The price faced resistance at $0.20587 with bearish pressure pushing it toward the $0.18978 support level. If the downward trend continues, it may break below key support. However, if bullish momentum starts the price could retest the $0.20587 resistance. As always, Dogecoin’s volatility remains high, and investors should closely monitor market trends before making any decisions.

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