Dogecoin Price Continuation Shows Rebound, But Resistance Is Mounting At $0.205 🐕
The Dogecoin price is on a rebound, with bulls regaining control, but strong resistance is emerging around the $0.205 mark. An analysis from TradingView analyst Lingrid shows Dogecoin breaking out from a Falling Wedge pattern and now retesting at $0.175, a crucial level for confirming a breakout and potential gains.
The $0.19 level has been highlighted as the next target, aligning with the previous range’s top and midpoint of broader resistance. Beyond $0.19, a run towards $0.2 - $0.21 is expected, although overhead resistance could slow momentum.
Lingrid warns that a failure to maintain support at $0.175 or diminishing volume could invalidate the breakout, potentially leading to a price decrease toward $0.15.
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