🔥 $DOGE Attempts Breakout Amid Struggles
Dogecoin dropped 10% despite bullish price action, remaining under selling pressure. Since January, DOGE has failed to reclaim previous highs, keeping investors cautious.
📊 Bullish Pattern Emerges
Top analyst Carl Runefelt notes DOGE broke out of a falling wedge and is retesting. If confirmed, a major rally could follow, with a target of $0.43. However, failure to hold support could push DOGE lower.
💰 Investor Sentiment Remains Uncertain
Despite the breakout, DOGE struggles to generate strong demand. A move above $0.255 could trigger further buying pressure, while losing $0.20 support may lead to a 15% drop.
📈 Bitcoin’s Role in DOGE’s Fate
DOGE’s next move depends on Bitcoin. If BTC reclaims key levels, DOGE could surge rapidly. However, ongoing market uncertainty could limit upside potential.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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