Dogecoin To The Moon? Trading Guru Sees A Bullish Breakout on the Horizon—Here’s Why

Quick Summary:

Identified Bullish Momentum in Dogecoin The chart shared by Brandt further reveals that DOGE, which had previously been trading within a horizontal channel for roughly two years between July 2022 and July 2024, experienced fluctuations between a lower trend line of $0.05 and an upper level of $0.1181.DOGE peaked at $0.2100 in March before entering its descending pattern.

Watch for two key signals: ⭕️First, RSI breaking the descending trendline on the daily chart.⭕️And second, $DOGE surging past the $0.11 resistance! pic.twitter.com/7i1QMXNi3F — Ali (@ali_charts) September 19, 2024 With DOGE successfully achieving both conditions, the analyst’s sentiment has grown increasingly positive about the possibility of an extended rally.

Brandt shared a DOGE/USDT chart in a post on X, pointing to a breakout DOGE has recently achieved from a descending channel that the asset has been stuck in for over half a year.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: DOGE Analysis Crypto Altcoin Dogecoin Price Prediction Dogeusdt Doge Dogecoin Crypto market Memecoin

Source Website Secure: Yes (HTTPS)

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-28 @ 08:00:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 75 lines

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Copyright Owner: © NewsBTC

News ID: 22758519

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