Will Dogecoin See Another Bullish Explosion? A Make-or-break Support Zone Tests the Market

The last time Dogecoin tested the channel low support, it formed what is known as a rounded bottom – a classic pattern associated with strong reversals. This resulted in a sharp price breakout fueled by increased trading volume and market participation. Now, the price is approaching this same region once again, and while there’s no guarantee of a repeat, the possibility for a similar outcome increases if it can hold and build structure at this level. 100% upside from here is not out of the question.