DOGE 0.1065, broke out after 72 days of sideways movement, how far can this wave go?



In one sentence: current price is 0.1065, up 8 points in 24 hours, volume breakout from triangle consolidation, stronger than the market. The meme coin leader has woken up first.

Technical analysis: the direction is upward. Standing firm above the 100-hour moving average, short-term bullish arrangement. Support first looks at 0.102, strong support at 0.096-0.098; resistance at 0.108-0.110, strong resistance at 0.112-0.117. RSI is 56, with room to grow, not yet at the top.

Fundamentals: the meme coin sector is all moving, SHIB and FLOKI are following. The futures long-short ratio is 2.6, leveraged longs are increasing positions, with some short squeeze force. ETF news is still circulating, sentiment is occasionally being boosted. Social media buzz is also rising from the freezing point.

Conclusion: the breakout is real, but whether it can go far depends on whether 0.108-0.110 can be surpassed.
BTC1.19%
ETH1.22%
DOGE4.07%
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