Dogecoin Primed For Major Upswing Above This Price Hurdle


Outlook

  • Dogecoin needs to clear resistance at $0.38 (Tuesday’s high) to invalidate the lower highs setup on the daily chart.
  • A breakout, if confirmed, would allow progress toward $0.60.
  • However, Monday’s failed breakout suggests scope for a deeper drop in the short term. 

The meme-cryptocurrency dogecoin (DOGE) looked primed for an upside move earlier this week after it exited a downward channel identified by descending trendlines derived from May 8 and May 14 highs and May 12 and May 19 lows. 



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