$DOGE
Dogecoin is trading at $0.206 and is stable above support at $0.15
A breakout above $0.32 could push Dogecoin and it may soon test $0.60
With increasing volume, Dogecoin could head towards $1.50 or even $2.50 later.
Support Analysis 🈂
Recently, it seems that buyers are entering, making the breakout more likely with increased volume. The technical structure shows a clear breakout point leading to a previous price peak of 745.86%, confirming the strength of this accumulation scenario. A similar breakout could occur today and take Dogecoin to its next resistances at $0.60, $1.50, or even $2.50 for the longer-term target if history repeats.
Dogecoin Market Structure Analysis 🈂
It shows signs of optimism; in fact, the current chart structure indicates that Dogecoin has surpassed the recent downtrend and is now also breaking a key support level. Then, the historical breakout pattern shows that prices rise significantly after very long periods of accumulation and consolidation, and the green accumulation area indicates that long-term holders are keeping their positions for the upcoming move
