Dogecoin (DOGE) at critical juncture: The countdown has begun!

Breaths were held for the breakdown in Dogecoin** (DOGE), which has been pricing in depreciation for about a good month.

Dogecoin (DOGE), which has not been able to show the expected performance for a long time, has finally started to give positive signals. The memecoin, which has not been able to break the falling channel for almost two months, has gradually started to challenge the technical structure. The DOGE, which makes an upward move with the positive trend in Bitcoin (BTC), may dominate the altcoin market in the near future.

So, which price levels are of great importance in DOGE?

With the arrival of the breakdown, buyers will have an appetite!

Although the DOGE, which has not received support from Elon Musk recently, has not done very well on the fundamental analysis side, it has recovered its technical strength. The memecoin, which tends to break the falling channel structure, may attack towards $0.08373 – 0.8773 – 0.09487 and $0.10734, respectively, with the arrival of volume buying.

The popularity of the memecoin market and the price structure of the BTC will play an important role in this process. Moreover, for the medium/long-term price structure, the range of $0.10520 – $0.10734 will be decisive.

If the memecoin hype remains in the background, if DOGE cannot find Elon Musk support for a long time or if the trend breakout does not come, sell-side transactions will naturally put pressure. In such a scenario, pullbacks up to $0.07893 – $0.07401 and $0.06849, respectively, could follow.