Dogecoin is eyeing a significant rally as it confirms a triangle breakout on lower timeframes, with a macro breakout target set at $0.6533, representing a potential 465% upside. Currently trading above $0.10, Dogecoin's price has rebounded from February lows, reaching the mid-$0.11s. Analysts are closely monitoring whether DOGE can surpass the descending resistance that has been guiding its price lower for months.
The 12-hour DOGE/USDT chart indicates a recent gain of approximately 4.6%, with the price opening near $0.1110 and closing around $0.1162. A descending trendline from previous peaks remains a critical hurdle, with the $0.12 region identified as a key supply zone. A successful reclaim of this area could project the price towards the mid-$0.15 range.
Analyst Javon Marks maintains a breakout target of $0.6533, suggesting a 4.6x advance from the current range. Confirmation of this breakout requires a clear move above trendline resistance on both DOGE/USDT and DOGE/BTC pairs, with cross-pair strength serving as a validation filter. Immediate resistance is noted in the low-$0.12 to $0.13 region, while support is clustered around $0.10 and the recent $0.08 swing low.
Dogecoin Targets 465% Rally Amid Triangle Breakout
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