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DOGE finally shows its fangs! Breaks through key resistance, analysts raise target price
After experiencing several months of DOGE Bear Market trend and volatile market conditions, DOGE has rebounded strongly, successfully breaking through the 0.16 USD resistance level. This seemingly mild rise is showing signs of a potential breakout market in the current market context, attracting the attention of analysts.
🚀 Key Breakthrough and Upward Target
📊 Trading Volume Observation and Trend Line Backtesting
The trading volume expanded during the breakout, but then receded, and the market is in a wait-and-see state.
Bulls expect the next round of pump to be accompanied by effective volume expansion, otherwise the rise may be difficult to sustain.
Analyst Trader Tardigrade observed that DOGE is retesting a long-term descending trendline.
The trend line has been suppressing the Rebound for the past few weeks, and the current price is in the 0.158 - 0.162 USD support range. pulls back for a test
If DOGE can form a higher low in this area, and the rise is accompanied by positive trading volume, it may indicate a trend reversal, potentially opening the path to $0.20.
🔮 Historical pattern reappearance? 2015-2017 model returning?
⚠️ Core Driver: Meme and Momentum
However, it is important to remember the nature of DOGE: its movement is highly dependent on Meme Coin Momentum and market momentum. The key to whether the current potential rise can be sustained lies in whether the bulls can hold their ground and whether the trading volume can continue to gently expand. If both conditions are met, this round of market conditions is expected to evolve into a more substantive DOGE price recovery.