š DOGE breaks downtrend and signals possible reversal!
Dogecoin has just broken its 50-day trend line and has already performed a classic technical retest, suggesting a continuation of the uptrend.
On the daily chart, the double bottom pattern remains valid and the support near $0.155 has held the price well so far. Despite the slight selling pressure in the last 24 hours, the technical scenario points to a possible rise to $0.25, as previously suggested by analysts.
š Current technical summary:
š Current price: $0.163
š Confirmed breakout + retest
š” Key resistance: $0.177
šÆ Potential target: $0.25
š RSI(6): 46 ā balance zone
š EMA(99): remains as resistance at $0.190
This movement could be the beginning of a new phase of appreciation of the asset, especially with the return of appetite for memecoins in the market.
š¬ Keep an eye out, as the breakout of $0.177 could be the technical trigger that validates the move toward the target!
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