$DOGE A brother asked Old Te, is Dogecoin about to explode?

Dogecoin is currently showing strong bullish momentum, and technical analysis indicates that a significant rebound may be on the horizon, with an increase of around 90%, targeting a price around 0.5! Recently, Dogecoin has experienced significant volatility, rebounding from a drop of over 20% and finding stability at support levels. As of now, Old Te sees the potential for it to break through key ranges, predicting a major breakthrough in the coming weeks!

1. Dogecoin is forming a classic double bottom pattern, indicating strong support around $0.26. If it breaks the current descending channel, DOGE could quickly rise to around $0.29, then challenge higher targets in the range of $0.42-0.5, which is nearly a 90% increase from the current price!

2. In the short term, Dogecoin's price may test resistance around $0.36. If successfully broken, it could push the price to $0.48, and after further breakthroughs, DOGE might test around $0.7, even challenging the psychological barrier of $1! Historical data and fractal models indicate that DOGE is likely to experience a strong rebound after accumulating near key support levels.

3. The Relative Strength Index (RSI) shows that Dogecoin is recovering from an oversold state, while the Moving Average Convergence Divergence (MACD) is showing initial bullish signals. As market sentiment warms up, Dogecoin is building momentum, and brothers can closely monitor developments in the coming weeks! #牛回速归，晒晒你的持仓？ #比特币四年周期将改变？