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