Dogecoin Price Breaks Resistance, Indicators Suggest Potential 110% Rally Despite Growing Futures Bets
-
Dogecoin price broke through a declining weekly trendline, signaling potential for a bullish uptrend.
-
Clearing the $0.0814 resistance could trigger a 110% rally for DOGE up to $0.170.
-
RSI and AO indicators suggest growing bullish momentum.
-
Support at $0.0707 held, but losing $0.0574 support would invalidate the bullish thesis.
-
Dogecoin futures open interest has surged, indicating risky bets on a price increase.