Fractal ID

Dogecoin

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Polygon

<ul> 
 <li>Dogecoin shows breakout potential with an ascending triangle pattern.</li> 
 <li>Traders eye a move above $0.0450, creating a potential buying opportunity.</li> 
 <li>Successful pattern validation could push DOGE toward $0.07195, but failure at $0.06450 may lead to $0.05835 support.</li> 
</ul> 
Dogecoin (DOGE) has been in a consolidation phase for the past three weeks, but there are exciting signs that it might be on the verge of a breakout. The cryptocurrency market has been closely watching DOGE’s movements, and here’s a detailed analysis of its potential breakout scenario. 
One of the most promising aspects of DOGE’s current <a href="https://www.tradingview.com/x/f4NItlXq/" rel="noopener noreferrer nofollow">chart </a>is forming an ascending triangle pattern. Over the past few days, DOGE has consistently printed higher lows, creating this bullish pattern.&nbsp; 
<figure class="wp-block-image"> 
 <img decoding="async" src="https://lh4.googleusercontent.com/rOG52Fcz47MjtLgeKr5vkc9pW8cJO6nyk3Oy7cjukUJ1MHl2OuRn21FIM1SyhfIDAKp2QGjcUxZBqEOJ7I9nMlckYmIZfjJtTTPKseXlPHBjJqYBKuzXDactWoMsgdwfKEWDXl0Os_Id424-h4DFz_s" alt=""> 
</figure> 
Source: TradingView 
If this pattern is confirmed, it could pave the way for DOGE to breach the next significant resistance level at $0.0450 within 24 to 48 hours. This presents an enticing buying opportunity for traders looking to capitalize on potential gains. 
Furthermore, if DOGE breaks above $0.0450, it could set the stage for a further upward trajectory. Over the next seven days, DOGE might aim for the next major barrier at $0.07195. This level has been on the radar of many investors and could serve as a significant target for those riding the bullish wave. 
However, keeping a close eye on the $0.06450 level in the coming 48 hours is essential. If DOGE fails to close a daily candle above this mark, it may experience a setback and drop to the $0.05835 support level. Traders should be cautious and watch for price action around this critical level to gauge the cryptocurrency’s short-term performance. 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/polygon-makes-bullish-triangle-gets-20-surge-in-7-days/" rel="noopener noreferrer nofollow">Polygon Makes Bullish Triangle, Gets 20% Surge in 7 Days</a></li> 
 <li><a href="https://cryptonewsland.com/top-analysts-view-is-xrp-gearing-up-for-a-5000-rally/" rel="noopener noreferrer nofollow">Top Analyst’s View: Is XRP Gearing Up for a 5,000% Rally?</a></li> 
 <li><a href="https://cryptonewsland.com/fractal-analysis-suggests-xrp-poised-for-breakout-targeting-30-in-september/" rel="noopener noreferrer nofollow">Fractal Analysis Suggests XRP Poised for Breakout, Targeting $30 by Mid-September</a></li> 
 <li><a href="https://cryptonewsland.com/xrp-price-prediction-35-76-by-july-30th/" rel="noopener noreferrer nofollow">XRP Price Prediction: $35.76 by July 30th, Analyst Expects Breakout from Triangular Pattern</a></li> 
 <li><a href="https://cryptonewsland.com/why-xrps-momentum-surging-beyond-300-points-to-a-7-breakout-top-analyst-reveals/" rel="noopener noreferrer nofollow">Why XRP’s Momentum, Surging Beyond 300%, Points to a $7 Breakout, Top Analyst Reveals</a></li> 
</ul> 
The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/dogecoins-breakout-potential-unveiling-the-path-to-0-072/">Dogecoin’s Breakout Potential: Unveiling the Path to $0.072</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.

Dogecoin’s Breakout Potential: Unveiling the Path to $0.072

Crypto News Land

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