Prominent Altcoins Show Breakout Potential
Several notable altcoins, including Dogecoin (DOGE), Mantle (MNT), Ordi (ORDI), Core (CORE), and Jupiter (JUP), exhibit signs of potential breakouts despite short-term corrections. This analysis coincides with Bitcoin consolidating below $100,000.
Dogecoin (DOGE)
DOGE, currently trading at $0.4454, has declined 4.9% in the past 24 hours. Despite this pullback, DOGE retains strong yearly gains of 333.5%.
Technical analysis indicates potential resistance around $0.47, with a possible upward trend towards $0.70 if market sentiment improves and buying pressure intensifies. DOGE surged from $0.2 to its current price following Donald Trump's re-election as the President of the United States.