Since August 4, Dogecoin (DOGE) has been trading within a narrow range, causing delays in the anticipated 36% price surge toward the $0.13 resistance level. This range-bound movement offers benefits to some traders but prolongs the bullish outlook.
Despite increased buying activity over the past six weeks, indicators like Chaikin Money Flow (CMF) and Parabolic Stop and Reverse (SAR) show strong bullish signals. However, DOGE hasn't been able to break through its $0.10 resistance level consistently.
If bulls fail to defend the lower channel boundary, DOGE could experience further declines, potentially dropping to $0.08. However, if there's a bullish rebound, DOGE might rally by 36%, reaching resistance at $0.16.
