Dogecoin On The Edge: Major Breakout Or Breakdown Imminent?

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Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? - NewsBTC

Quick Summary:

Related Reading: Dogecoin Pullback May Be Short-Lived—Here’s The Next Price Target A second consecutive weekly settlement above $0.22378 would confirm the first as more than a one-off spike and could embolden trend-followers to price in a medium-term push toward the mid-$0.30s where the upper band presently curves.

Related Reading: Dogecoin Price Tops Tend To Follow Surges In Retail Futures Activity, Analysis Shows The zone between the wedge floor and Span B around $0.212–0.214 forms a high-confluence support zone that has already produced two intraday rebounds.

As long as price remains trapped between those two lines, momentum traders are likely to see a low-volatility coil; the first decisive breach — particularly a four-hour close through the upper rail — would satisfy every textbook criterion for a bullish falling-wedge resolution and mechanically projects a return toward the 13 May high.