💥💥💥 #Dogecoin Set for Potential Rally? Analyst Predicts Second Flag Breakout to $0.162
Dogecoin Primed for Breakout as Crypto Market Rebounds
- With #bitcoin☀️ rebounding above $69,000, meme tokens like Dogecoin (DOGE) are at a crucial juncture for potential gains. Following a 40.89% surge to $0.1797 in late October, $DOGE has since pulled back to $0.1420, forming a second bullish flag pattern on the 4-hour chart and rebounding to $0.1515, marking a 6.62% recovery from recent lows.
Technical Indicators Suggest Upside Potential
- DOGE's technicals hint at a bullish breakout within the second flag pattern, with the #MACD indicating a possible crossover and weakening bearish histograms suggesting rising momentum. Currently, DOGE is testing its resistance trendline near the 50% Fibonacci level around $0.15, with key support at $0.1454 and $0.1386.
Analyst Prediction and Key Levels
- Crypto analyst Ali Martinez noted a TD Sequential buy signal, projecting a rally to $0.162 if DOGE holds above $0.141. A breakout past resistance could push DOGE to $0.1742, a level watched closely by investors.
In summary, if DOGE holds key support and breaks resistance, it could rally toward $0.1742, riding the broader market's recovery momentum.
