Technical Analysis of DOGE

Dogecoin (DOGE) seems to be preparing for its next major move, closing the week with a price increase of 7%. This memecoin is consolidating below $0.4, which currently acts as a key resistance level. Once it breaks and turns it into support, DOGE could target much higher levels.

If the resistance is broken, the next key targets on the chart will be $0.48 and $0.59. The momentum still favors buyers, and a breakout could happen at any time.

In the near future, DOGE could aim for an ATH of $0.73. Indeed, this level is not too far away considering the price has tripled in November.