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The expected breakout in Dogecoin (DOGE) has arrived!
Dogecoin (DOGE), which has been pricing in a downtrend for nearly three weeks, has finally started to make the expected move.
Dogecoin (BTC**), which could not give the desired performance despite the fact that Bitcoin (DOGE****) exceeded $ 45,000, finally started to give positive signals. The memecoin, which started to move upwards with the breakdown of the downtrend, attracted attention with its technical structure. Dogecoin, which has not received support from Elon Musk for a while, may put an embargo on the altcoin market with a share from the famous businessman.
Things are going well on the technical side: All eyes are on Elon Musk!
On the technical analysis side, the DOGE that turns its needle upwards can reach an incredible volume if it gets the support of fundamental analysis. The memecoin, which has frequently exploded with Elon Musk's social media posts in the past periods, will put itself at the forefront if such a situation happens again.
At the time of writing, the DOGE, which is priced at $0.09165, could target $0.09487 – 0.10 – 0.10736 – 0.11242 and $0.011855, respectively, in line with the technical structure. In this process, the interest in memecoins and the dominance of BTC will be critical. If technical analysis is left alone, the downside move of the BTC or the sharp increase in BTC dominance could pull the DOGE price to $0.08773 and $0.08373.