Dogecoin Breaks Above Key Resistance Level, Analyst Predicts Surge to $0.43
Dogecoin (DOGE) is showing movement after weeks of trading between $0.16 and $0.18. It recently broke above the $0.18 mark, indicating potential momentum shift.
- Technical analysis by Carl Runefelt indicates DOGE has broken out of a bullish falling wedge pattern.
- If this breakout holds, DOGE could rally toward $0.43, its next major resistance.
- DOGE is currently trading at $0.185, facing challenges to maintain upward momentum.
- Key support level is at $0.18; holding this is crucial for further gains.
- Bulls need to reclaim the $0.22 level to confirm a recovery trend.
- If DOGE fails to hold above $0.18, it may drop back toward $0.15.
The upcoming week is critical for DOGE and the meme coin market, as broader crypto sentiment will likely influence its trajectory.
