#dogecoinonfire #Doge🚀🚀🚀 #doge⚡
Dogecoin Eyes $0.20 as Bullish Momentum Builds
Dogecoin has surged 7%, breaking key technical levels and testing a resistance trendline near $0.1680. The rally, fueled by a Morning Star pattern and five bullish candles, has pushed prices above the 50 and 100 EMAs. A breakout above this resistance could send DOGE to $0.20—a potential 25% upside. However, a dip below $0.15 remains possible if momentum fades.
Derivatives data shows rising optimism: open interest is up 3.74% to $1.67B, and long positions now exceed shorts, signaling bullish sentiment. However, a $15M DOGE token unlock between April 21–28 may pressure the rally by increasing supply.
Despite this, the broader market recovery and growing hype in the meme coin sector keep Dogecoin’s breakout hopes alive.
