Will Dogecoin Ignite A Rally With $0.065 Breakout?

22 thg 8, 2023

Dogecoin hints at a double-bottom reversal; neckline pegged at $0.065.
Short-term resistance trendline put to the test.
DOGE eyes a target of $0.070 after potential reversal.
Recent 25% dip in 23 days pushes Dogecoin to a critical $0.060 support.
Last week's 20% plunge further challenges Dogecoin's resilience.
A bullish comeback seems imminent as Dogecoin finds solid ground.
Dogecoin's 1-week chart highlights a pronounced downtrend since Nov 2022.
Signs of recovery: Price rebounds above the crucial $0.060 level.
Overhead resistance trendline intertwined with 50-week EMA becomes the next hurdle.
Post-crash, Dogecoin steadies at $0.060, hinting at a market turnaround.
Double bottom on the 4H chart suggests imminent rally.
Breakout at $0.065 could boost the meme coin sector.
Immediate resistance expected at the 50-day EMA, before the $0.070 test.
Downside risk: A move below $0.060 targets supports at $0.056 and $0.053.