The article discusses the possibility of a breakout rally for Dogecoin, with the price targets extending beyond the $0.30 barrier. The 4-hour price chart shows a positive cycle within a consolidation range, with the chances of a breakout rally significantly increased. A bullish divergence in the 4-hour RSI also hints at an imminent range breakout. The article highlights the rising activity in the Dogecoin derivatives market, with an increase in open interest and bullish positions. The positive trend in Dogecoin derivatives reflects traders anticipating a breakout rally. A crypto analyst has also highlighted a rising channel pattern in the Dogecoin weekly chart, suggesting a potential rally towards the upper boundary of the channel, which aligns with the $0.30 psychological milestone. The short-term price target is set at $0.30, followed by resistance levels at $0.36, with key support levels at $0.24 and $0.20.



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