Dogecoin Sits on Key Support, Potential for Strong Upside Move

Dogecoin has been declining, moving towards the mid-$0.13 range. Sellers dominate recent trading, with failed rebound attempts keeping Dogecoin near its lower range.

A crypto analyst highlights Dogecoin's position on a long-term support zone within a descending triangle pattern on the 2-day chart.
The descending triangle has been forming since December 2024 with persistent selling pressure, creating lower highs.
A horizontal support zone at $0.135 to $0.14 has repeatedly prevented deeper declines.

Dogecoin

Dogecoin is currently testing this support zone again. The analyst notes the importance of this area holding, suggesting a potential strong upward move if it does.

If the support holds, Dogecoin could rise towards the descending resistance line between $0.25 and $0.26.
A break above this trendline would signify a shift to an uptrend, with potential gains reaching up to $0.4.

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