- Rekt Capital has confirmed a brand new macro uptrend in DOGE.
- Based on analysts, DOGE broke above the bullish flag to substantiate the continuation of the uptrend.
- With the present rally, DOGE might rise to $0.33825 sooner or later.
Rekt Capital, a widely known crypto analyst at X, has confirmed a brand new macro uptrend in DOGE, a meme coin on the Dogecoin blockchain protocol. Based on Rekt Capital, DOGE is breaking out of the bull market to substantiate additional pattern continuation. It’s taking place after the meme coin confirmed a macro uptrend.
Rekt Capital used a weekly DOGE/USDT chart to point out how DOGE retested the macro downtrend forward of a forty five% breakout rally to the upside. He revealed how the memecoin rebounded from its latest surge to $0.20626 and fell to round $0.12650 earlier than rebounding.
The latest pullback in DOGE displays a continuation of the rally from October 2023, when a bullish breakout was confirmed in February of this yr. Based on Rekt Capital evaluation, DOGE broke above the micro bullish flag round November 2023 and retested the breakout area earlier than persevering with its upward transfer.
From latest worth motion, DOGE has proven comparable bullish flag breakout conduct, however in a extra pronounced method. Memecoin broke above the macro bullish flag and commenced a pullback to retest the breakout area earlier than persevering with to rise. Such conduct is in line with a typical uptrend in a bull market.
Specifically, Rekt Capital noticed DOGE lately rebounded nearly 10 days in the past, and we predicted that Dogecoin’s uptrend will proceed if the retest is profitable. With the retest confirmed, DOGE is heading again towards latest highs round $0.20626. Above this degree, Memecoin will goal the subsequent resistance degree at $0.27817 and will push as much as $0.33825.
Based on TradingView knowledge, DOGE is buying and selling at $0.1807 on the time of writing.
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