Bullish Momentum Rising for Dogecoin Price: Breakout Potential Ahead to $0.10 – Details

• Dogecoin anticipates a 10% growth once it breaks the $0.75 supply wall.
• DOGE price has been consolidating below the $0.0712 to $0.108 range, and a swift recovery above $0.0712 could trigger a 25% rally.

#Dogecoin is trying to break out!

Slicing through the $0.75 supply wall will trigger a 10% upswing to $0.85, where 176,000 addresses had previously purchased over 12.34 billion $DOGE. pic.twitter.com/RJw7v7q30X

— Ali (@ali_charts) July 15, 2023

The $0.75 supply wall means that many DOGE holders look forward to selling their tokens at that price; if it goes beyond $0.75, it breaks the supply wall.

According to Ali Charts, there is a historical pattern of DOGE enthusiasts buying the token at that price level. Ali Charts found that “176,000 addresses had purchased over 12.34 billion $DOGE.”

Current DOGE Performance 

Dogecoins Chaikin Money Flow (CMF) reported a positive value of 0.10, above the center zero line. A positive value CMF, above the center line, is a sign of the coin’s strength in the market and entry of the required liquidity. 

The altcoin’s Awesome Oscillator indicator confirmed a bullish trend in the current DOGE market. However, at the beginning days of the month, the Awesome Oscillator indicator recorded red histogram bars. Red indicates that the current period’s small moving average (SMA) is lower than the previous one, suggesting bearing movement. However, the increased accumulation in the last week recorded green histograms resting above the zero line at the time of writing, indicating a reversal from bearish to bullish.

DOGE’s Wave Trend indicator has also flipped above the zero line, with a potential crossover looming. 

Investors keenly observe the coin’s movement as it edges closer to a breakout. The short target for DOGE holders is to sell as the price hits $0.08, and the next target would be the midpoint of the $0.0896 range. If the coin unlocks these prices, that would be a 25.77% gain.