Dogecoin’s Breakout Signals Bullish Potential for $0.61

Recent price action in Dogecoin suggests a potential breakout from a long-term descending wedge pattern, setting the stage for a major rally. The coin has surpassed the $0.22 support level and is currently trading above its 50-week moving average, signifying a shift towards bullish momentum. 📈 Key indicators like RSI suggest hidden bullish divergence, with price showing resilience despite declining RSI readings. This suggests an upcoming accumulation phase. 🧐. 📈 The weekly chart reveals further confirmation of the breakout trend, with volume expansion and Fibonacci targets suggesting potential upside.