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Dogecoin’s price is looking for dependable support before DOGE bulls aim for a 42 percent increase
The price of Dogecoin is now trapped in a narrow range, although a 42 percent increase is possible.
DOGE is waiting for consistent support before reversing its recent underperformance.
If Dogecoin rises above $0.26, the meme-based asset might aim for greater values.
Dogecoin’s price may be poised for a 42 percent surge toward $0.26, but only if DOGE has a stable base. Before the bulls prepare for a huge upsurge, the meme-based coin may get a purchase chance at somewhat lower levels.
Dogecoin pricing is expected to find significant support.
On the daily chart, the price of Dogecoin has formed a parallel channel, indicating that the token is range-bound. The most difficult region of resistance looks to be at $0.26, implying that the bulls are targeting a 42 percent rally.
Although the current chart pattern shows that the Dogecoin price has additional upward potential, the cryptocurrency may need to dip lower before to establish substantial support.
The 21-day Simple Moving Average (SMA) at $0.17 is the first line of defense for Dogecoin pricing, followed by the bottom border of the prevailing…
