Potential 25% Surge Expected for DOGE in Upcoming Rally

Dogecoin price has been consolidating within a range between $0.0712 and $0.108 for almost 40 days. Recent indicators, such as the Awesome Oscillator, Relative Strength Index (RSI), and Wave Trend indicator, suggest that bullish momentum is increasing. If Dogecoin price can successfully flip the $0.0712 level into a support floor, it could trigger a bull rally, with targets at $0.08 and $0.0896. This would result in a 25.77% gain for DOGE holders.

However, if Dogecoin price is rejected at the $0.0712 resistance level, it could retrace 11.50% to reach the $0.0642 support level. A breakout below this support would invalidate the bullish thesis and could lead to a revisit of the $0.0539 level.

Therefore, investors should closely monitor Dogecoin price as it approaches the key resistance level. A successful breakout could lead to a significant upward move, while a rejection could result in a downward retracement. A daily candlestick close below $0.0624 would be a sign of bearishness and would invalidate the bullish outlook.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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