Shamii

06/09 04:15

Breakout Technical Alert: Dogecoin (DOGE) Targets

Breakout Technical Alert: Dogecoin (DOGE) Targets $0.34 After Bullish Chart Formation

Dogecoin (DOGE) has formed a classic inverse head and shoulders pattern, signaling a possible bullish reversal.

The $0.17 neckline has been broken and is currently being retested, a common technical pattern before a sustained rally.

If the $0.17 support level holds, Dogecoin (DOGE) could target $0.34, implying a potential upside of 100%.

Technical indicators and growing market interest support his bullish outlook for the next breakout.

Dogecoin (DOGE) is in an uptrend, its price is rising in sync with the overall market and is forming an inverse head and shoulders pattern, which often signals a bullish reversal in both the long and short term.  Traders and investors are keeping a close eye on the coin to maximize profits after a successful breakout.

DOGE is currently trading at $0.1823, with a 24-hour trading volume of $799.55 million and a market cap of $27.27 billion. Over the past 24 hours, DOGE has gained 1.59%, while over the past week, its price has fallen 4.98% due to market volatility, indicating great potential for another round of sharp growth.





#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Do you think BOBBSC is promising?

13Share