Dogecoin has experienced significant price drops in February and March, losing 38.69% and 17.37% respectively.
A bullish inverse head and shoulders pattern on the 4-hour chart suggests a potential price increase above $0.1760 and a push towards the resistance level at $0.20.
Despite recent weakness, bullish divergence is observed on Dogecoin's 3-month chart, indicating a potential long-term rally.
Successful breakout above $0.1760 could lead to a 20.99% gain and a move towards $0.20 mark, which would be a significant psychological win for traders.