đ Big Move for Dogecoin! DOGE Eyes $0.60 After 40% Surge in Just One Week đ
Key Insights:
Dogecoin has broken out of a multimonth symmetrical triangle, a bullish continuation pattern.
Trading volume more than tripled during the breakoutâstrong momentum behind the move.
From its current level (~$0.296), DOGE could rally up to 95%, targeting around $0.60 by October.
On-chain metrics: the MVRV Z-Score is near 1.35ânot yet extreme, which suggests holders are not yet sitting on big unrealised profits, leaving room for further upside.
Key support to watch: around $0.227 (50-week EMA). If that breaks, could pull back toward ~$0.215 (200-week EMA).
What Investors Should Watch:
1. Volume & follow-through â if trading stays strong, the breakout holds more credibility.
2. Support levels at the EMAs â losing those could mean risk of correction.
3. Over-bought signals (RSI, etc.)âthey could slow or reverse the rally.
4. Broader crypto market behaviorâDOGEâs run is beating the wider market, but macro headwinds could spill over.
â Question for the community: Do you think DOGE can sustain this upward run past $0.60, or will resistance and profit taking pull it back first?
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