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DOGE will reach $0.25 as a result of the Dogecoin short squeeze
Bulls and bears are fighting for dominance in the Dogecoin price.
There are now early indications of a bullish takeover.
A breakthrough might be on the way.
The price of Dogecoin has been on a roller coaster in recent weeks. DOGE fell 44 percent to fresh nine-month lows after rising more than 50 percent between January 11 and January 15. However, there are clear signals that a significant reversal is imminent.
The price of Dogecoin is poised for a spectacular rebound to $0.25, and short-sellers are going to be squeezed
On the weekly chart, Dogecoin price action is creating a good reversal candlestick, nearly exactly within the peak of the falling wedge formation it has failed to climb above. The Dragonfly Doji candlestick that is forming on Dogecoin’s chart may be seen across numerous cryptocurrency pairings, signaling that a widespread altcoin market reversal is taking place. If a bullish outbreak happens, the oscillators support it.
At the moment, the Composite Index is the most important oscillator condition for Dogecoin price. After rising higher, the Composite Index is again in fairly neutral territory, while DOGE has traded down…
