The recent surge in the price of Dogecoin has caught the attention of traders and long-term holders, leading to speculation about a possible breakout. The article analyzes the technical indicators and market sentiment to assess the likelihood of Dogecoin breaking through the resistance level of $0.18. The coin has maintained a position above the 100-day SMA on the 4-hour chart, indicating a strong bullish foundation. The RSI has also shifted from oversold to a more neutral, possibly bullish stance. On the daily chart, Dogecoin has experienced sustained buying pressure and remains above the 100-day SMA. If Dogecoin can break through the $0.18 resistance level, it could lead to substantial gains and possibly a new all-time high. However, if it fails to break through, there may be profit-taking and a potential drop to the $0.149 support level.



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