Dogecoin To Moon? The Trading Guru Expects a Bullish Breakout—Here's Why

After seeing Dogecoin (DOGE), the biggest meme-based cryptocurrency by market capitalization, veteran commodities trader Peter Brandt suggested a bullish breakout.

Brandt posted a DOGE/USDT chart on X, pointing to DOGE's breakthrough from a downward channel it's been in for almost six months.

Found Dogecoin Bullish Momentum

DOGE, which had traded in a horizontal channel for two years between July 2022 and July 2024, fluctuated between $0.05 and $0.1181, according to Brandt's chart.

DOGE peaked at $0.2100 in March before falling. Signs suggest DOGE may be recovering from this decline.

Brandt called DOGE's longer-term chart “constructive,” saying, “Get along little doggie.” DOGE has been following the crypto market's upward.

The asset rose 8.2% to $0.1235 in 24 hours. This rising trend matches the market's positive attitude, but Brandt's technical analysis implies DOGE's breakout might start a longer upward trend.


Other DOGE Momentum Bullish Indicators

Not just Peter Brandt is positive about Dogecoin. DOGE looks to be strengthening, according to Ali, another notable crypto expert.

In an X post on September 26, Ali noted DOGE's RSI and price breakthrough from multi-month downtrends.

Additionally, SuperTrend gave the asset a buy signal. These findings suggest meme-based cryptocurrency is gaining steam.


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