Dogecoin Eyes Breakout: Can $0.23 Spark Bull Run?

A breakout above $0.23 could signal a significant rally for Dogecoin, according to technical analysis. The token is currently trading around $0.218, with a 24-hour trading volume exceeding $924 million. Though down 5% over the past week, analysts are seeing positive signs. Technical charts reveal that Dogecoin is locked in a tightening triangle pattern. If the price surpasses the crucial resistance of $0.23, this could open the door to new highs at around $0.243, $0.259 and even $0.282. 1% gains were registered in the past 24 hours, but Dogecoin remains down overall.