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<p>Dogecoin exhibited a slight uptick this week after eyeing a symmetrical triangle support breach on the charts. DOGE currently trades around $0.0824, with a 3% surge in value over the last 24 hours. How this level holds could determine DOGE’s trajectory in the coming weeks.</p>
<h2 class="wp-block-heading" id="strong-reclaiming-crucial-exchange-support-strong"><strong>Reclaiming Crucial Exchange Support</strong></h2>
<p>Trader Crypto Simon <a href="https://twitter.com/TheCryptoSimon/status/1757294030189134216" target="_blank" rel="noopener noreferrer nofollow">spots</a> DOGE navigating through notable changes lately with its symmetrical triangle breakdown. He identifies $0.078 as the next support to watch for a “pronounced recovery” towards escaping the bearish pattern.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="394" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-1024x394.png" alt="" class="wp-image-437457" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-1024x394.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-300x115.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-766x295.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-1536x591.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-2048x788.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-390x150.png 390w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-100x38.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-909x350.png 909w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487-788x303.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-487.png 1260w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Moreover, $0.075 marks a multi-year exchange support level, according to Simon. Bounces from this demand zone in the past signal its macro significance. A reactive rally from here could restart DOGE’s stalled upside momentum within the triangle.</p>
<p>On the flip side, failing to hold the $0.075 support risk further declines towards the next key zone around $0.070. DOGE sits at a crossroads currently amidst the mixed market momentum.</p>
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<h2 class="wp-block-heading" id="strong-30-rally-incoming-strong"><strong>30% Rally Incoming?</strong></h2>
<p>Fellow swing trader Captain Faibik also <a href="https://twitter.com/CryptoFaibik/status/1757278097269719205" target="_blank" rel="noopener noreferrer nofollow">weighs in</a> on the symmetrical triangle breach. He expects an upside breakout resulting in a +30% DOGE price rally in the short term. This divergent view underscores mixed analyst opinions around crucial chart patterns.</p>
<p>Zooming into the price action, analysis platform altFINS identifies a bullish view with DOGE entering a “robust support zone” between $0.075 and $0.080. They view this area, encompassing the 200-day moving average and horizontal support, as an attractive swing entry to ride a rebound up to $0.10 and even $0.11 medium-term. A stop loss of around $0.067 seems prudent in case support fails.</p>
<p>With DOGE at a critical technical junction after violating its symmetrical triangle support, analyst views remain split on where it heads next.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-faces-critical-juncture-amid-symmetrical-triangle-pattern-analyst-lays-out-two-scenarios-for-doge/" rel="noopener noreferrer nofollow">Dogecoin Faces Critical Juncture Amid Symmetrical Triangle Pattern, Analyst Lays Out Two Scenarios For DOGE</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Faces Critical Juncture Amid Symmetrical Triangle Pattern, Analyst Lays Out Two Scenarios For DOGE

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