Dogecoin Price Breaks Out Of Bearish Trendline And Enters Ascending Channel Headed For $0.3 🚀
Dogecoin's price has recently turned bullish, rebounding from support levels and aligning with Bitcoin's surge to new highs. The Dogecoin/TetherUS pair shows a shift into an ascending channel targeting at least $0.3.
Crypto analyst Melika highlights Dogecoin's escape from a long-standing bearish trendline, transitioning into a bullish environment. The coin is on track to move beyond its $0.13 bottom from April.
Key profit zones for Dogecoin traders are $0.2530, $0.2750, and $0.3035. However, a breakdown below $0.1950 would invalidate the bullish outlook.
Currently, Dogecoin trades at $0.2447, marking a 2% increase in 24 hours.
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