Over the past 12 hours, Dogecoin (DOGE) has shown bullish momentum, trading around $0.145. The meme-inspired cryptocurrency has broken out of a falling wedge pattern, a formation that often signals an impending price surge. Traders are now eyeing key resistance levels at $0.150 and $0.160, with further potential gains up to $0.17 (InsideBitcoins.comm) ( marketbeat).
This bullish sentiment is supported by strong fundamentals, with the Relative Strength Index (RSI) remaining in a healthy zone, indicating room for continued upward movement. Dogecoin’s price has benefitted from market-wide optimism, with traders betting on further gains as it consolidates above critical support levels of $0.120 and $0.130 (InsideBitcoins.com).
The broader cryptocurrency market has also seen increased attention on Dogecoin, fueled in part by mentions from high-profile figures like Elon Musk. Analysts predict that if DOGE maintains its momentum, it could reach $0.168 in the short term (cointelegraph).
