Dogecoin (DOGE) is showing renewed bullish momentum after breaking out of a falling wedge pattern, suggesting that the meme coin may not be done climbing yet. At the time of writing, Dogecoin price is trading around $0.106, reflecting a solid 12% gain over the past week.
Dogecoin breaks a 72-day triangle pattern, surging 10%. A whale's $13M loss shrinks to $89K as Grayscale ETF inflows hit $460K.
A CryptoQuant analyst has bet against Dogecoin, warning that rising leverage and flat price action signal a sharp correction.
Here's what Dogecoin's breakout means for the potential memecoin season.
Dogecoin just made a a clean breakout above the $0.10 region, and the move is what we expected for the last few months.
Dogecoin experienced a notable surge on Wednesday, climbing as high as 14% and reaching an intraday peak of $0.112 after rebounding from a session low of $0.097. This upward movement coincided with a broader relief rally across global risk assets in anticipation of the Federal Reserve's monetary policy announcement.
Dogecoin started a fresh increase from the $0.0950 zone against the US Dollar. DOGE is now facing hurdles near $0.1075 and might aim for a larger rally.
A crypto analyst has placed a seven-figure bet against Dogecoin, warning that the market looks dangerously overextended. CryptoQuant's JA Maartun opened a short position of 1 million DOGE, citing a sharp and rapid buildup of leveraged contracts that he described as a risky setup.
Dogecoin ripped higher this week. Bitcoin didn't.
Dogecoin (DOGE) has delivered a highly anticipated breakout, surging past the key $0.10 resistance level with strong momentum. This move marks a significant shift in the meme coins price structure, effectively removing a zero and signaling renewed bullish sentiment across the crypto market.
Dogecoin shows strong bullish signals, with a 2023 fractal pattern and a MACD crossover pointing to a 300% rally.
Dogecoin surged past $0.10, with trading volume jumping 138% to $4.07 billion. Analysts now target $0.1172 while institutional DOGE investment products expand.