Despite a recent Dogecoin price crash, the altcoin's chart displays bullish formations hinting at a potential upward trend.
Key bullish indicators include the formation of a falling wedge pattern and signals like hidden bullish divergence in the RSI and a bullish divergence in the MACD.
Reclaimed support levels and diminished liquidity at lower levels suggest a possible continuation of the bullish trend if buying momentum persists.
However, a potential bearish scenario could unfold if Dogecoin fails to maintain support above $0.14 and experiences a significant breakdown, thereby invalidating the bullish outlook.