Bull Market

Dogecoin

Shiba Inu

Rekt

<p>Dogecoin (DOGE) appears poised for further gains after successfully confirming a significant technical breakout. According to respected analyst Rekt Capital, DOGE has made all the right moves to signal that a new uptrend is underway. With the memecoin breaking out of its year-long descending channel, the path of least resistance seems to be sharply higher.</p>
<h2 class="wp-block-heading" id="the-momentum-builds">The Momentum Builds</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-1024x726.png" alt="" class="wp-image-375005" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-279.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Rekt Capital <a href="https://twitter.com/rektcapital/status/1723283296400916948?t=g6fSE3ZivbFiPX1SGfKb_Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">highlights</a> how DOGE staged an important retest of former channel resistance as new support just below $0.07. This successful retest helps validate the breakout’s legitimacy and indicates traders still have an appetite to buy DOGE on dips even after the initial surge higher. With support and bullish momentum reaffirmed, DOGE has a green light for continued advances</p>
<p>By decisively breaching the downtrend channel that has contained its price all year, DOGE appears poised to embark on a new bullish impulse wave. With the first target in sight around $0.10 – which aligns with the top of the breached channel – DOGE could appreciate nearly 50% from the breakout point in fairly short order.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/are-meme-coin-kings-dogecoin-doge-and-shiba-inu-shib-late-for-the-party/" target="_blank" rel="noopener noreferrer nofollow">Are Meme Coin Kings Dogecoin (DOGE) and Shiba Inu (SHIB) ‘Late for the Party’?</a></li>
 <li><a href="https://captainaltcoin.com/why-solana-sol-will-continue-to-be-one-of-the-biggest-movers-during-this-bull-market/" target="_blank" rel="noopener noreferrer nofollow">Why Solana (SOL) Will Continue to be One of the Biggest Movers During This Bull Market</a></li>
 <li><a href="https://captainaltcoin.com/here-are-two-tokens-set-to-skyrocket-in-price-in-the-upcoming-months/" target="_blank" rel="noopener noreferrer nofollow">Here are Two Tokens Set To Skyrocket in Price In The Upcoming Months</a></li>
</ul>
<h2 class="wp-block-heading" id="memecoin-leadership-emerging">Memecoin Leadership Emerging</h2>
<p>Interestingly, DOGE is not the only memecoin showing signs of life recently. The renewed interest in <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> and revival across the broader memecoin sector could provide a rising tide to lift DOGE higher. As the original memecoin with the most institutional adoption, DOGE may be reasserting leadership just as the niche comes back into focus.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-has-only-one-direction-from-here-as-price-confirms-crucial-breakout/" rel="noopener noreferrer nofollow">Dogecoin Has Only One Direction From Here as Price Confirms Crucial Breakout</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Has Only One Direction From Here as Price Confirms Crucial Breakout

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