Dogecoin (DOGE) signals a recovery after a period of consolidation.
Price Action
DOGE has surged over 10% in 24 hours, climbing above $0.122. This follows a low of $0.1135.
Technical Analysis
DOGE displays a bullish bias, forming triangle patterns that typically precede price increases. Recent recovery around $0.12 suggests upward movement.
A break above $0.1164 could lead to gains targeting $0.150 and $0.215. Whale investors have accumulated significant positions between $0.085278 and $0.100710.
DOGE has surpassed the 100 MA on the 4-hour chart, indicating a bullish trend reversal.
A golden cross formation, where the short-term moving average crosses above the long-term moving average, further supports this rally.
The MACD and Fibonacci levels also indicate bullish momentum.
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