Dogecoin (DOGE) recently broke above a falling wedge pattern, indicating a potential upside reversal and continued rally. This breakout could lead to a price surge of up to 72%.
Dogecoin’s positive funding rate highlights optimism among holders. Trading at $0.11, the coin has seen a 10% price increase in the past week, driven by a persistent demand for long positions.
The Aroon indicator, measuring trend strength, supports a continued rally. The Aroon Up Line at 100% signals a strong uptrend, while the Aroon Down Line at 28.57% indicates a lack of recent lows.
For the rally to occur, DOGE must break a key resistance level at $0.15. Successfully breaking this level could push the price to $0.19, but failure might result in a drop to $0.08.
