Dogecoin Approaches Parabolic Phase on Weekly Chart – Signs of Breakout

Dogecoin’s weekly chart exhibits a shift towards a parabolic phase, fueled by increased momentum above the $0.24 mark. This bullish momentum is supported by strong resistance near $0.2607 and indicates a potential breakout in the coming sessions. The technical data shows increasing support at around $0.2436 with a corresponding resistance point of $0.2607. 📈 A gradual accumulation phase has provided a solid base for the recent accelerated growth. The chart reveals three distinct phases: consolidation, a gradual bull trend, and now an emerging parabolic phase. 🚀