Dogecoin Is Breakout Ready: Analyst Shows Major Target For The Meme Coin King

Dogecoin Is Breakout Ready: Analyst Shows Major Target For The Meme Coin King

Technical analysis of Dogecoin’s price action on the daily candlestick timeframe chart shows that the meme coin has spent the past several months grinding lower inside a clearly defined descending channel. However, technical analysis proposes that the structure may be nearing its end.  A daily chart shared on X by crypto analyst Jonathan Carter points to a setup that shows Dogecoin is about to break out of the descending channel. Although the me…

Dogecoin Price Dips Below $0.139 as Analysts Eye Breakout Targets at $0.153 and Above

TLDR Dogecoin price hit a 24-hour high of $0.1421 before declining to $0.1366 with a 2.32% daily loss. The price attempted a recovery but failed to break above $0.140, forming lower highs during the session. Dogecoin is trading near the upper boundary of a descending channel observed over several months. Current price action sits above the 50-day moving average, suggesting a short-term momentum shift. Analysts have outlined potential upside tar…