Can Dogecoin (DOGE) Breakout and Lead the Memecoin Rally?

Coin Edition
Coin Edition

21 Nov 2023 2:22 PM

For Dogecoin to have a chance at $0.14 in the medium term, the RSI needs to exit its compression position. Read more on Coin Edition....

  • Dogecoin (DOGE) has formed a pennant pattern, indicating a potential rally in the near future.
  • The coin has hit the one-month Stop And Reverse (SAR) indicator, similar to the bull run of 2021.
  • If buyers defend the $0.70 level, DOGE may rally to $0.14 in the mid-term.
  • Crypto Tony and Tony "The Bull" are both bullish on DOGE, predicting a breakout and potential uptick for other memecoins.
  • The Relative Strength Index (RSI) suggests that DOGE's bullish momentum has been low, but if intense buying pressure appears, it may surpass $0.14 and head towards $0.16.
  • Traders are targeting DOGE to hit $0.12 once the bullish momentum resumes.

The sentiment in the article is generally positive, with traders and analysts expressing optimism about DOGE's potential rally and bullish price trend.

Go to publisher site

You May Ask

What pattern has DOGE formed that could drive a rally for the coin?What indicator did DOGE hit, indicating a potential uptick similar to the bull run of 2021?What price level may DOGE rally to in the mid-term if buyers defend a certain level?What are traders targeting as a price for DOGE once the bullish momentum resumes?Who are the traders mentioned in the article who are bullish on DOGE?

Suggested Reads