Dogecoin Faces Pivotal Moment as Bullish Breakout Potential Tempered by Recent Correction
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Dogecoin (DOGE) faces potential for bullish breakout, but recent correction raises questions about its ability to maintain support levels.
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This month DOGE could surpass $0.093 resistance, representing 29% upside potential, but weekly trend is currently bearish.
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Mixed indicator signals in daily chart, with bullish EMA crossover but bearish signs in MACD. Price finding support at $0.088.
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If DOGE breaks $0.1 resistance, it could signal end of correction and target $0.12 next. Short-term outlook is favorable.
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Against Bitcoin, DOGE saw bearish rejection at 0.0000025 BTC resistance. Next key support levels are 0.00000224 BTC and 0.0000021 BTC.