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Dogecoin Bulls Take Control as DOGE Breaks Out of Its Downtrend

  • Dogecoin has broken out of its downtrend, forming higher highs and higher lows, signaling growing buying pressure.
  • A breakout from an ascending triangle suggests DOGE could be gearing up for a significant move.
  • Binance Futures data shows over 76% of traders are betting on further upside, reinforcing bullish sentiment.
  • Tightening Bollinger Bands on the 12-hour chart indicate reduced volatility, often a precursor to a sharp breakout.

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