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Dogecoin May Break Out with $0.43 in Target Range

From cryptobriefing.com

Dogecoin is the latest meme coin that looks poised to resume its uptrend. Both technical and on-chain metrics suggest that DOGE could possibly enter a new bull run in the short-term. Dogecoin appears to be breaking out after enduring a five-month-long consolidation period. Since late April, the tenth-largest cryptocurrency by market cap has been developing a descending triangle on its daily chart. As DOGE’s price recorded a series of lower highs, the $0.17 level has acted as support. {chart} (full story)

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  • Category: Technical Analysis