Dogecoin (DOGE) is poised for a breakout! Dogecoin's weekly support has been confirmed, holding steady at $0.21, with a target aimed straight for $1.85!
Technical analysis shows that after successfully holding above $0.21 for the past week, Dogecoin is about to confirm a support level on the weekly candlestick chart. After weeks of intertwined bullish and bearish sentiment, Dogecoin's price action currently appears to be turning in favor of buyers, with the price action on the weekly chart now showing compelling bullish signals.
TradingView analyst MasterAnanda emphasized this trend in his technical analysis, noting that Dogecoin confirming breakouts above certain exponential moving averages is key to achieving the mid-term target price of $1.85.
Dogecoin receives strong support above the EMA