Dogecoin shows strong bullish momentum with successive ascending triangle breakouts. Initially, the price consolidated before breaking out near $0.10, leading to a sharp rally. This breakout was sustained, consolidating near $0.25. Another triangle formed, breaking upwards, targeting $0.75.
Each breakout was accompanied by increased volume, indicating solid buyer interest. The market aims for an ambitious $5 target. However, there's concern about declining CVD (Cumulative Volume Delta), which could hinder this rally despite the current momentum.
The bullish signals are evident, but participants are keeping an eye on how declining CVD may affect prospective gains.
Source: www.thecoinrepublic.com ↗
