Dogecoin (DOGE) is poised to surge 44% as bullish momentum gathers momentum!
As of now, Dogecoin’s technical indicators are showing promising signs. The Awesome Oscillator has been trading above its neutral zero line, indicating that bullish momentum is dominant. Despite a brief pullback from the $0.14 level, the overall market sentiment remains positive. Moreover, the Chaikin Money Flow (CMF) is at +0.12, highlighting a massive capital inflow into Dogecoin, further strengthening its bullish trend.
After analyzing the market structure, it is evident that Dogecoin has experienced a bullish breakout. This development has encouraged swing traders to take a bullish stance on Dogecoin. The next key resistance levels to watch out for are $0.145 and $0.165. A break above these resistance levels could pave the way for a significant surge in line with the optimistic prediction of a 44% gain.
Recent market activity shows that the funding rate for Dogecoin has returned to the positive territory after the price dipped below $0.145. Negative funding rates suggest shorts are increasingly betting on Dogecoin
