๐๐ข๐๐ ๐๐ฅ๐๐๐๐ฆ ๐ง๐ฅ๐๐ก๐๐๐๐ก๐ ๐๐๐น๐น๐ ๐๐๐ฒ $0.20 ๐ฎ๐ป๐ฑ ๐๐ฒ๐๐ผ๐ป๐ฑ
Dogecoin (DOGE) has finally broken above its 50-day downtrend line, ending weeks of sideways chop. Two well-known analysts are now calling for a major rally, comparing the setup to the 2020 bull run.
๐ What Just Happened?
As per Crypto Analyst Trader Tardigrade DOGE has broken above a 50-day descending trendline on the daily chart this trendline had acted as strong resistance for weeks.
It is now showing signs of a trend reversal, printing higher lows and higher highs a classic bullish structure.
Current Price: $0.17
Past Month Performance: -10%
๐ Why This Breakout Matters
The breakout signals that selling pressure is weakening, and buyers are starting to take control.
It follows a long period of lower highs and lower lows, which made DOGE stuck in a bearish zone.
A second higher low has now been confirmed a strong early sign of an uptrend starting.
๐ง Analyst Insights :
๐ข Trader Tardigrade:
Says this is the start of a new bullish phase. Points out that DOGE is forming a new โmicro uptrendโ after breaking out of its long-term trendline.
๐ข Kaleo:
Calls anything under $0.20 a bargain, suggesting DOGE is โcheapโ and primed for a breakout. Predicts a possible rally to $1.5 or even $3.50 โ based on similarities to DOGEโs 2020 setup.
๐งญ What Traders Should Watch Next
โ Key Support Zone:
$0.15โ$0.16 โ Buy zone if price retests
Holding above this confirms the trend shift
๐ฉ Next Resistance Levels:
$0.20 โ Psychological barrier
$0.23 โ Previous swing high
$0.35โ$0.50 โ Major breakout territory if rally extends
๐ฏ Conclusion:
Dogecoin has broken its downtrend, If the structure holds and volume grows, DOGE could be gearing up for a powerful move toward $0.20 and beyond.
๐ But remember: itโs not confirmed until we see strong follow-through. Watch the support levels, manage risk, and stay updated.