The price chart of #DOGE coin has broken out of the falling wedge that has been forming since the beginning of August, indicating possible bullish momentum.
The latest candlestick pattern shows a strong upward move from the triangle, which is typically a bullish signal, especially after a period of consolidation within the triangle.
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The price of $DOGE coin may find resistance near $0.1059 as it aligns with the upper Bollinger Band. Beyond that, it could rally to $0.1274 (a rise of about 22%).
The price has moved towards the upper band of the Bollinger Bands, indicating strong momentum. If it stays near or above this band, it could indicate continued bullish pressure.
Also, the bands are currently tightening, indicating a period of low volatility that usually precedes an explosive directional move.
The Coppock Curve is positive, currently at 3.02571, indicating upward momentum. This is a bullish signal as the curve is trending upward from below.
If it is already holding, DOGE remains a good long bet as the price remains above the $0.0995 support. The next major target beyond $0.1274 could be $0.1500, depending on broader market conditions.
The Dogecoin price prediction suggests that if the asset breaks back inside the triangle, it could be a sign of weakness in the market and it could drop to the $0.0985 and $0.0800 levels.
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