A market analyst suggests that Dogecoin may reach a key resistance level of $0.2596 if it maintains support, backed by technical and momentum indicators indicating positive market sentiment and bullish signals.
The Dogecoin price chart shows a modest gain of around 2.8% over the past week, despite facing resistance around $0.17.
Analyst Tom Tucker identifies a double bottom pattern near a strong support level at $0.1467, signaling a potential bullish breakout with targets at $0.2596 if the support holds.
Key momentum indicators like RSI and MACD support the bullish case, along with increasing whale accumulation, while Fibonacci retracement levels suggest resistance at $0.17640 and potential targets at higher levels.