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Bullish signals for Dogecoin (DOGE) are intensifying; has a new round of upward momentum already started?
Recently, Dogecoin (DOGE) has become the focus of the cryptocurrency market due to a series of positive technical patterns and market dynamics. From technical breakthroughs to capital inflows, multiple signals indicate that it may be approaching a critical juncture for reversing its long-term trend.
Technical patterns are releasing strong bullish signals.
Over the past three years, Dogecoin has quietly constructed a cup-and-handle pattern on the monthly chart, with the current cup-and-handle portion gradually taking shape and trading volume increasing simultaneously. The relative strength index (RSI) is in a neutral zone, laying the groundwork for subsequent trends. Market analysis indicates that if it can break through the $0.30 level, it may trigger significant upward momentum, with a $1 target also coming into view.
Technical patterns are releasing strong bullish signals.
Over the past three years, Dogecoin has quietly constructed a cup-and-handle pattern on the monthly chart, with the current cup-and-handle portion gradually taking shape and trading volume increasing simultaneously. The relative strength index (RSI) is in a neutral zone, laying the groundwork for subsequent trends. Market analysis indicates that if it can break through the $0.30 level, it may trigger significant upward momentum, with a $1 target also coming into view.
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