Dogecoin Price Closes In On Major Trendline For Breakout To $1

Quick Summary:

The current descending resistance line has already been tested multiple times, meaning a clean daily close above it could spark Dogecoin’s next major rally.  Dogecoin RSI Shifts From Bearish To Bullish Dogecoin is showing promising signs of a bullish reversal after a key breakout of a technical pattern on the 4-hour chart.  According to a recent chart analysis by crypto analyst Trader Tardigrade, Dogecoin has exited a Falling Wedge formation and is preparing for an uptrend continuation.

Master Kenobi’s technical analysis suggests that a breakout above the current descending resistance line could spark a similar rally, one that could potentially take Dogecoin from its current price of $0.158 to $0.9 or even $1.

After months of downward pressure, analysts are eyeing a possible breakout toward the long-awaited $1 target.  $1 Dogecoin Price Target Closer Than Ever  Crypto analyst Master Kenobi believes that the Dogecoin price could reach the highly coveted $1 target before the end of this market cycle.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Dogecoin Meme coins Cryptocurrency Doge Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-19 @ 22:00:09 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 450 words

Reading Time: 3 minutes read

Sentences: 67 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 28008278

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