The DOGE/USD price has bounced on the support line of a bullish pattern and seems poised to break out. On the other hand, the DOGE/BTC pair is stuck in a consolidation pattern. Well-known cryptocurrency trader @Mesawine1 notes that the Dogecoin (DOGE) price is trading inside a rising channel and will soon break out. He gave a target of $0.0032 for the ensuing move, which is 25% above
Will DOGE Be the Next Coin to Break Out?
The DOGE/USD price is trading inside a long-term rising channel.
Technical indicators are mixed. Despite the appearance of a golden cross, the RSI is forming bearish divergence.
DOGE/BTC has been consolidating above a strong support area, showing neither bullish nor bearish signs.
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