TLDR
- Dogecoin broke out of a descending channel pattern and successfully retested the upper boundary at $0.26
- Large holders accumulated over 30 million DOGE tokens in 24 hours while exchange outflows exceeded $25 million
- Technical indicators including DMI and ADX confirm strong buyer control and bullish momentum
- Analysts identify repeating chart patterns from 2022-2023 that previously led to price rallies
- Rising megaphone formation on three-day chart suggests potential move toward $0.70 if resistance breaks
Dogecoin traded near $0.26 at press time after gaining 3.3% in 24 hours and 14.6% over the past week. The token delivered a 15% rebound from a previously identified buying zone around the $0.25 support level.
The price action showed a breakout…more
Source coincentral.com
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