Dogecoin (DOGE)

In the daily chart, the Dogecoin price action reveals a falling-wedge breakout rally gaining momentum. The increased bullish influence has resulted in a golden crossover in the 50-day and 200-day EMA. However, the recent pullback in the altcoin retests the 50% Fibonacci level at $0.1571.

With a lower price rejection, the altcoin offers an entry opportunity at comparatively low prices based on the upside potential. Using the Fibonacci retracement tool, the meme coin shows the potential to reach the 100% Fibonacci level at $0.22. Meanwhile, the optimistic target remains at the 1.618 Fibonacci level near the $0.30 psychological mark.$DOGE