Dogecoin is targeting a trendline breakout in the midst of a potential bull run, with the aim of a 25% rally to $0.4155. The market cap for meme coins has reached $93.24 billion, and Dogecoin's market cap is currently at $48.91 billion. The open interest for Dogecoin has increased slightly, and the funding rate suggests confidence in the potential upside. Dogecoin is testing a local resistance trendline and the 38.20% Fibonacci level. Trading volumes have not seen a significant increase, but the accumulation/distribution indicator has surged, indicating increased buying activity. A four-hour closing above the local resistance trendline could propel Dogecoin to a crucial resistance at the 78.60% Fibonacci level, with a potential upside of 25%.



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