The Dogecoin (DOGE), a memecoin emblem, appears poised for a significant technical breakthrough. Despite expectations of a decline, DOGE could surprise and kickstart a major bullish trend in the coming days.
Currently trading around $0.196, Dogecoin has just broken through a long-term bearish resistance dating back to December. If this breakthrough is confirmed by next Sunday, the path would be clear toward $0.50 or even $0.60. That represents a potential upside of +250% from current prices.
Technical analysts point out that DOGE’s chart shows striking similarities to the pattern observed in October 2021, when the cryptocurrency surged 600% after breaking through a comparable pattern. Increasing volume and favorable market conditions strengthen this analogy.
Although considered a speculative or meme asset, Dogecoin remains the undisputed leader of memecoins. In recovering markets, these memecoins are traditionally among the first to react. Within this category, DOGE possesses sufficient market capitalization and community support to initiate a broader wave across altcoins.
As a pioneer in this segment, Dogecoin often plays a catalyst role: its momentum can pull tokens such as Shiba Inu (SHIB), PEPE, Bonk, and other related altcoins into similar dynamics.
This breakout is not just a temporary fluctuation. It could mark a turning point in the current cycle, helping to initiate or confirm an altseason, already predicted by figures like Peter Brandt.
According to on-chain analysts, the open interest around Dogecoin now exceeds $2.8 billion, a figure revealing the growing attention the asset is attracting from major investors.
By combining several bullish technical signals, a favorable market configuration for altcoins, and an absence of major resistance up to $0.50, Dogecoin stands as one of the most serious candidates for a spectacular breakout in the coming days.
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Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
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