The analyst revealed that the Dogecoin price is attempting a recovery after rebounding from a key ascending trendline and breaking out of a Falling Wedge pattern. Related Reading: Dogecoin Price Ready For Next 500% Wave, Here’s The Target Following this, Dogecoin is now retesting the breakout level around $0.175, where both the wedge resistance and ascending trendline converge.
A recent analysis highlights this crucial zone and outlines the roadmap for Dogecoin’s next move. Dogecoin Price Recovery Faces Critical Resistance TradingView crypto analyst Lingrid recently shared a technical analysis featuring a classic continuation pattern unfolding for Dogecoin.
Notably, this breakout zone is critical, as holding above it would confirm the breakout and set the stage for potential gains. Lingrid has revealed that traders are currently watching closely for continuation toward the next resistance area.The $0.19 level has been set as the next immediate breakout target, aligning with the top of the previous range and the midpoint of the broader resistance area. A push beyond $0.19 would open the door for a run toward the range between $0.2 – $0.21, a key resistance area where selling pressures could intensify.
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