Dogecoin is about to explode! Breakthrough at $0.30 is imminent! Will the next wave head straight for $1?
Since August, Dogecoin's price has steadily risen, currently at $0.23833, up 5.19% in the past 24 hours, and 4.3% over the past week. After some fluctuations at the beginning of the month, the trend is clearly leaning bullish.
After stabilizing at the support level of $0.185, Dogecoin successfully climbed above the 20-day moving average, with short-term momentum shifting from bearish to bullish. The price is now approaching the key resistance level of $0.245, which coincides with the upper Bollinger Band and has repeatedly blocked rebounds. The recent expansion of the Bollinger Bands suggests increased volatility, possibly leading to a clear directional breakout. If Dogecoin can break through $0.245 with high trading volume, technical analysis supports a rise to $0.285 or even $0.305. If the overall crypto market cooperates, $0.35 is also within reach. The current price of $0.23833 is just a step away from the resistance level, making the success or failure of the breakout crucial.
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