Dogecoin Eyes Breakout: Bullish Cues Could Push DOGE Towards February Highs 🚀
Dogecoin (DOGE) is poised for a potential breakout, trading at $0.25 and targeting a key resistance level at $0.26. With positive market momentum, DOGE could soon aim for $0.31. While traders exhibit caution due to fluctuating funding rates, the current positive rate indicates bullish sentiment, signaling a potential price increase.
Technical indicators point to volatility possibly driving Dogecoin higher, with convergence in Bollinger Bands suggesting a sharp move. DOGE's potential path includes overcoming resistance at $0.26 and ascending to $0.31, while maintaining $0.31 as a critical support level if achieved. Adverse volatility could lead to a fallback to $0.22, negating the bullish outlook.
Source: beincrypto.com ↗
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