Dogecoin (DOGE) has finally surpassed the pivotal $0.12 resistance, aligning itself with a larger crypto market rally. This breakthrough has inspired optimism among analysts and investors, potentially marking the onset of a sustained rally for the meme coin. Analyst Daan highlights a bullish outlook for DOGE in the upcoming weeks.
By breaking above important levels, Dogecoin has gained momentum, rising 33% since Monday. With this favorable market sentiment, DOGE appears to be catching up, suggesting the possibility of impressive short-term gains. Analyst Daan underscores the breakout’s significance, positing clear skies for the cryptocurrency.
Currently trading at $0.14, DOGE continues to maintain a bullish trajectory, having recently breached both its 200-day MA and EMA. Investors anticipate continued momentum but caution against potential declines should DOGE fall below the crucial $0.129 mark.
As market conditions remain volatile, the near future will be critical in determining whether Dogecoin can sustain its bullish trend. Traders are particularly watchful of support levels that could validate further upside potential or dampen bullish sentiments.
Source: www.newsbtc.com ↗