Dogecoin has broken out of an ascending triangle pattern, indicating bullish momentum. However, analysts caution that its success depends on holding major support levels. The breakout led to a retest of the pattern's top, and it's crucial for DOGE to convert the former resistance into support. If it fails, DOGE could slide back into the triangle. On the other hand, a successful retest could propel DOGE to higher levels. Several analysts believe DOGE is poised for a move higher, with initial targets of $0.60 and potentially surpassing $0.70. DOGE's daily chart shows promising momentum, with the Directional Movement Index indicating buying pressure dominates selling pressure. As long as DOGE holds above the major support level of $0.3479, the momentum remains bullish. Resistance levels for DOGE are at $0.4769, $0.5567, and $0.6857.
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