<ul data-eligibleForWebStory="false"><li>Dogecoin is showing signs of gearing up for a potential breakout, as it bounced off key Fibonacci and trendline support.</li><li>Technical indicators suggest that Dogecoin's setup is aligning for a possible retest of the $0.16490 resistance level and more.</li><li>Experts point out that despite facing rejection at the $0.16490 resistance level, the 200-week moving average is providing steady support and the price remains above the ascending channel, favoring bulls.</li><li>Analysts observe a bullish long-term wave structure in Dogecoin, with a potential for a powerful Wave 3 advance if the current pattern plays out according to Elliott Wave theory.</li></ul>

Is Dogecoin Prepping For Takeoff? Fib Reaction And Trend Support Say Yes

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