CryptoLS

$DOGE Given the falling wedge formation and early signs of bullish momentum, DOGE could be on the verge of a breakout.

If the Dogecoin price successfully breaks out, the first target would be $0.1994, aligning with the 50-day SMA. A sustained rally could then push DOGE toward the 200-day SMA at $0.2554, which would be a crucial resistance level.

If momentum remains strong, the price of DOGE could aim for $0.35 to $0.40, as indicated in the possible breakout projection on the chart.

However, failure to break out could lead to further consolidation within the wedge, with potential downside risk toward $0.13 before another breakout attempt.

#Dogecoin #MemeCoins #Memecoin Trading#