Dogecoin is showing a bullish breakout from a long-term symmetrical triangle, with immediate resistance at $0.25 and key support at $0.21–$0.22. A confirmed close above $0.25 on strong volume targets $0.28–$0.30 short term, and $0.75–$1.00 on sustained momentum.
85% surge after breaking $0.32 resistance, peaking near $0.58–$0.60.
RSI at 55.18 and MACD marginally positive indicate mild bullish momentum needing volume confirmation.
Key support lies at $0.21–$0.22; failure risks a drop toward $0.18–$0.19.
Dogecoin price outlook: Breakout from a symmetrical triangle signals short-term targets near $0.30 and medium-term upside to $0.75–$1.00; check levels and indicators now.
What is Dogecoin’s current breakout outlook?
Dogecoin’s breakout from a long-term symmetrical triangle signals potential continuation toward higher targets. The coin cleared the $0.32 area and ran ~85% to near $0.60 before consolidating under $0.25. Continued upside requires renewed volume and a daily close above $0.25.
How does the triangle breakout affect short- and medium-term Dogecoin targets?
The triangle measured move implied targets around $0.50–$0.55, achieved during the initial surge. Short-term targets now sit at $0.28–$0.30 if $0.25 yields, while medium-term resistances are $0.75 and $1.00. Volume and momentum indicators must confirm for reliable continuation.
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The surge followed a breakout from a symmetrical triangle near $0.32, supported by increased volume and accumulation. Momentum pushed prices to $0.58–$0.60 before entering consolidation below $0.25.
Immediate resistance is $0.25, with short-term targets at $0.28–$0.30. Key support is $0.21–$0.22; a break below could lead toward $0.18–$0.19.
Dogecoin forms a long term bullish pattern with resistance at $0.25 and future targets eyed at $0.75 and $1.00.
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Source: https://en.coinotag.com/dogecoin-may-target-0-75-1-00-after-breakout-faces-resistance-near-0-25/