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EMA Breakout Signals Dogecoin May Rally to $1.10 Soon
A recent technical breakout has sparked excitement in the crypto community, as many believe it may propel Dogecoin (DOGE) prices upward towards $1.10.
This prediction stems from a crucial weekly close above the exponential moving average (EMA13), which mirrors past bullish impulses seen in 2023 and 2024. Furthermore, technical indicators have confirmed that DOGE is currently operating within a full bullish zone.
In October 2023 and again in September 2024, similar events transpired, resulting in a price surge for the memecoin. History may be about to repeat itself as DOGE has just successfully broken through and maintained above this key indicator for the past week.
Master Ananda, a well-known crypto analyst, highlights this critical development on TradingView. He emphasizes that when DOGE manages to remain above the 13-day moving average, it often precedes an upward price movement. This breakout is seen as an indication that the consolidation phase has finally come to an end.
An additional buy signal has emerged from the TD Sequential indicator on the DOGE/USDT hourly chart, courtesy of Ali Martinez, a respected on-chain analyst. This, in combination with recent price action, may foreshadow the commencement of a rebound in DOGE’s value.
Source: www.crypto-news-flash.com
