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Crypto Market News

08/12 02:53

Dogecoin Breaks $1: MMBTtrader Analyst Highlights

Dogecoin Breaks $1: MMBTtrader Analyst Highlights Three Key Conditions

Dogecoin appears poised for a breakout, with both market and technical indicators pointing to significant upside potential. Recent technical analysis suggests that Dogecoin (DOGE) has a chance to break through $1, but certain conditions must be met for this to happen.

1. A multi-month fallopian tube rupture

According to the three-day candlestick chart provided by MMBTtrader, Dogecoin (DOGE) broke out of a descending parallel channel on July 15, 2025. This breakout marks a significant shift from a long-term bearish trend to a potential bullish one.

This descending channel has been suppressing Dogecoin's price action since late 2024. This breakout not only signals a shift in momentum but also presents an opportunity to retest a previously significant resistance level—the trendline. A successful retest of this area is crucial before Dogecoin resumes its uptrend.
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