Dogecoin Price Returns To Key Local Peak: Is Another Major Uptrend On The Horizon? 🚀
Dogecoin has experienced a notable price struggle, trying to hold above the $0.20 level. This pattern repeats its historical behavior ahead of rallies. After breaking below $0.20, DOGE revisited a previous peak—a move preceding past uptrends.
Trader Tardigrade’s analysis suggests a bullish outlook, highlighting Dogecoin's tendency to revisit peaks before rallying. Historically, such revisits have led to significant price increases, as seen with a past retracement to $0.095.
The price ranges between $0.20 and $0.22 may last until May 2025, but a breakout could come sooner. Analyst projects DOGE surpassing its all-time high, targeting above $0.8.
This aligns with a breakout in Dogecoin’s 4-hour RSI, building bullish momentum. Yet, a breakthrough is necessary for an uptrend to fully manifest.
Source: www.newsbtc.com ↗
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