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Bitcoinist

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Dogecoin Reverses Course, Breaking 50-Day Bearish Pattern – Is Another Rally Brewing?

  • Dogecoin has shown a bullish breakout, breaking a 50-day bearish pattern and suggesting growing upside momentum and a potential rally.
  • Trader Tardigrade, a crypto analyst, highlighted a bullish development on the DOGE chart, signaling a possible trend reversal from the downside to the upside.
  • The analyst's forecast for a potential rally is supported by insights from DOGE's Average Directional Index (ADX) and historical patterns that indicate a significant upside move in the coming months.
  • Key levels to watch for DOGE include $0.17 as the next crucial level and the potential for a rebound towards $0.21, as suggested by technical expert Ali Martinez.

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