Dogecoin (DOGE) has just broken the long-term downtrend and successfully tested the breakout zone, confirming the medium-term upward trend. After a strong bounce from the Fib 0.61 support at $0.188, the price is currently trading around $0.2355, up 17.7% for the week.
Theo MMBTtrader, the near target is $0.32 (Fib 0.236), followed by $0.40 – the decisive threshold to activate the 'extremely bullish' phase. If it exceeds $0.40, DOGE could aim for $0.75 and reach $1, surpassing the historical peak of $0.73. The key condition: maintain above the Fib 0.5 support at $0.216 to sustain upward momentum.
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