As the leading meme coins
by market cap, DOGE continues its upward trend after breaking out of a falling wedge pattern. The breakout has driven a positive trajectory, with the price currently at $0.008 and showing signs of further growth, marked by a 5.12% increase in the day's trading.
Notably, DOGE has witnessed a remarkable 38% surge in the last month, outperforming both the 50-day and 200-day Exponential Moving Averages (EMAs). The momentum hints at a potential golden crossover, indicating further bullish sentiment in the near future.
At its current level of $0.080, DOGE is approaching a resistance point at $0.0819. The formation of a bullish engulfing candle suggests a potential breakout above this resistance, paving the way for a move towards the psychological barrier at $0.10. However, there's a possibility of a reversal that could push the price down to $0.070.