Dogecoin

Memecoin

Dogecoin (DOGE) is showing signs of a potential breakout as bullish sentiment rises among traders. At press time, the popular <a href="https://cryptosnewss.com/category/meme-coin/" rel="noopener noreferrer nofollow">memecoin</a> is holding above its key $0.17 support, with technical indicators suggesting that DOGE may soon test higher resistance levels.<h2 id="header-0">Long/Short Ratio Indicates Bullish Sentiment</h2>Dogecoin’s <a href="https://www.coinglass.com/LongShortRatio" rel="noopener noreferrer nofollow">Long/Short Ratio</a> surged from 0.85 to 1.20 in the past 24 hours—the highest level in a week. This shift suggests that more traders are betting on DOGE’s price increase, signaling growing confidence in a potential upward move.Historically, Dogecoin’s price reacts positively when the Long/Short Ratio crosses above 1.00, often leading to breakout attempts. This rise also indicates the return of speculative appetite in the DOGE market.<h2 id="header-1">Dogecoin’s Technical Structure</h2>From a weekly perspective, <a href="https://cryptosnewss.com/analyst-predicts-dogecoin-surge-to-10-based-on-historical-trends/" rel="noopener noreferrer nofollow">Dogecoin continues</a> to trade within a long-term ascending channel, holding above crucial diagonal support near $0.17. Fibonacci extensions point to resistance zones at $0.22 and $0.23, with a break above these levels potentially paving the way toward $0.30.Key technical levels include:<ul><li>Immediate resistance: $0.182 (50 EMA).</li><li>Next resistance: $0.22–$0.23 (2.618 and 3.618 Fib extensions).</li><li>Critical support: $0.16, with a downside risk to $0.15 if this level fails.</li></ul><h2 id="header-2">Momentum Indicators Signal Neutral to Bullish Outlook</h2>Dogecoin’s RSI sits at 50, reflecting a neutral stance. However, stable sideways price action near $0.175, combined with narrowing Bollinger Bands and flat-lining MACD, suggests the asset may be coiling for a significant move.<h2 id="header-3">What’s Next for DOGE?</h2>With Dogecoin maintaining its position above $0.17 and bullish sentiment growing, the next key test lies at $0.22–$0.23 resistance. If trading volume picks up, a move toward $0.30 could materialize.Traders are advised to monitor sentiment, volume, and key support levels closely. Given memecoin volatility, caution is warranted in case of sudden corrections.The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"> </a><a href="https://cryptosnewss.com/dogecoin-charts-point-to-0-22-resistance-amid-rising-trader-optimism/" rel="noopener noreferrer nofollow">Dogecoin Charts Point to $0.22 Resistance Amid Rising Trader Optimism</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">CryptosNewss.com</a>

Dogecoin Charts Point to $0.22 Resistance Amid Rising Trader Optimism

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