Here’s Why Dogecoin’s (DOGE) Price Can Hit $10 In the Bull Run

• DOGE’s potential rebound could lift the price to $0.13 if bearish dominance drops.
• An analyst predicted that a breakout of the descending triangle could send DOGE toward $10.
• The Supertrend flashed a buy signal at $0.083, suggesting a major relief in the short term.

Dogecoin (DOGE) formed an asymmetrical triangle on the daily chart, underscoring how bulls have been trying to keep the price above $0.090. However, the attempts by bulls have been unsuccessful as bears tugged back the price.

The asymmetrical triangle formation suggests that a breakout could be ahead for DOGE. But before the potential rally, DOGE’s price might slide. At press time, the price of the cryptocurrency was $0.084.

Bulls and Bears Battle It Out

Indications from the Relative Strength Index (RSI) signaled a drop in bullish dominance. Should the RSI reading drop below 50.00, then DOGE might decrease to $0.080. However, bulls would likely try and drive the price upwards.

For instance, if bears tug back the price, Dogecoin could slip to $0.0823 where the 0.236 Fibonacci retracement was located. If the price rebounds from this level, DOGE could start an uptrend to $0.133 where the…

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