Dogecoin's price is currently trading close to a significant resistance level, hinting at a bullish breakout. The digital currency is hovering around the $0.10 mark while forming a falling wedge pattern, which is typically seen as a bullish indicator in technical analysis.
Recent hints from Elon Musk about a new position in the government add to the market speculation, potentially influencing Dogecoin's price trajectory.
Overall, the market is eyeing a breakout, targeting $0.15 as the next significant price level.
