Market capitalization: $26.8 billion
▶️Dogecoin is not just a meme coin with a dog, but a true veteran of the crypto market, having survived numerous ups and downs. And now DOGE is showing clear signs of forming a sideways channel.
But the main news:
📈DOGE has risen almost 4% in the last 24 hours, contributing to an impressive weekly growth of about 20%! The key question is whether the coin can overcome an important resistance level.
What does this mean? 🔼
🗣DOGE has completed a classic "cup" pattern on the chart – like a good coffee that is ready to energize investors!
🗣Stability above the $0.17 level is seen as a favorable signal for further growth.
🗣Experts predict that overcoming the trend line could lead to new highs in about 55 days.
Guidelines for the deal: 🐂
📈 A breakout above $0.1870 may signal a surge in momentum and open the way for further growth.
📉 A drop below $0.1690 creates a risk of a decline to $0.1440.
Conclusion:
Technical signals hint at positive prospects for DOGE, especially if it can hold above key support levels. Expert Master Kenobi even suggests a possible rise to $0.90 in the medium term, with mid-June as a key period for this goal. However, speculation about Elon Musk's weakening ties to the project adds an element of uncertainty.
