The Dogecoin price has revamped a strong ascending trend after rising above the consolidation around $0.36. Meanwhile, the bears seem to have some room to expand, as the bulls do not appear to have gained the required strength. A rise beyond the pivotal resistance may invalidate the bearish trajectory; otherwise, it may offer a good buying range.
The daily chart of DOGE suggests the price has just broken out from the bullish pennant. The RIS suggests a rise in bullish momentum but the MACD suggests a drop in the buying volume, which may further compel the price to face a small pullback. However, this could be a good buying opportunity at around $0.35, as a breakout is expected to kick-off a strong rise to the ranges above $0.6, probably before the end of 2024.
