Will Dogecoin (DOGE) hold above $0.30 for a bullish breakout to the $0.35 mark?
As Bitcoin hovers near the $93,000 support level, Dogecoin has dropped by 2.75% over the past 24 hours. Despite the bearish continuation and high fluctuations, Dogecoin remains above the $0.30 mark, with a market cap of $46.16 billion.
As a whale shows confidence in the largest meme coin, the underlying sentiment hints at a bullish resurgence. With support from a divergence in the 4-hour RSI, could Dogecoin start a breakout rally in 2025?
Dogecoin Price Chart
DOGE price Targets
In case of a bullish breakout, the uptrend in Dogecoin is likely to challenge the 50% Fibonacci level at $0.3521.
Furthermore, on the flip side, if the downfall continues with Bitcoin approaching the $90,000 level, the breakdown of $0.30 seems inevitable. In such a case, the Dogecoin price is likely to test the $0.265 support level.
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Source: https://thecryptobasic.com/2024/12/31/dogecoin-forms-morning-star-pattern-eyes-0-35-breakout/?utm_source=rss&utm_medium=rss&utm_campaign=dogecoin-forms-morning-star-pattern-eyes-0-35-breakout