Can DOGE price reach $0.1?Bullish Breakout: Dogecoin price sees a surge, breaking out of a falling wedge pattern.
Golden Crossover: Imminent golden crossover between the 50-day and 200-day EMA could confirm trend reversal.
Current Trading Price: DOGE is trading at $0.0770, with a 2.39% intraday increase.
Market Sentiment: Strong bullish support is evident from $3 million in short liquidations.
Technical Indicators: MACD shows a continued uptrend, avoiding a death cross.
Price Action: DOGE forms higher highs following a double bottom reversal from $0.057.
Volume Support: Increased trading volume backs the bullish momentum.
Long-Term Pattern: A triangle breakout in the weekly chart indicates a strong rally.
Psychological Mark: The $0.1 target is set as the next psychological milestone for DOGE.
Bearish Scenario: A drop below $0.070 could see DOGE fall to $0.066.