Dogecoin Eyes $0.60 After One‐Week 40% Surge
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DOGE’s price technicals and onchain data suggest the bull market is not finished, strengthening the case for a move toward $0.60.
Dogecoin has broken out of a multimonth symmetrical triangle.
Trading volumes tripled during the breakout, signaling strong bullish momentum.
Dogecoin price has rallied by nearly 40% in the past seven days, beating the broader crypto market, which has gained nearly 8% in the same period.
The top memecoin now hints at further price growth in the coming weeks, due to a mix of technical and onchain factors.
DOGE price breakout hints at 95% gains ahead
The weekly DOGE price chart shows a breakout from a multimonth symmetrical triangle, a bullish continuation pattern.
As of Saturday, it is trading at around $0.296. But more importantly, its trading volumes during the breakout more than tripled, signifying strong upside momentum.
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