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Dogecoin Primed For A Surge? Analysts Highlight Key Breakout Signs

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Dogecoin Primed For A Surge? Analysts Highlight Key Breakout Signs - NewsBTC

Quick Summary:

He further highlighted the $0.15100 – $0.15120 range as a key reaction zone, where DOGE saw a strong bounce, signaling firm buyer interest at that level.He also identified $0.15250 as a short-term accumulation area, suggesting that traders may be gradually positioning for a potential breakout.  According to his analysis, the chart structure hints at a possible W-pattern, commonly known as a double bottom.

Technical Patterns Reveal Bullish Setup Based on C0d3slayer’s recent observation, after briefly dipping to around $0.15100, the price rebounded sharply with a noticeable surge in trading volume, an indication of strong buying interest returning at lower levels.

Related Reading: Analyst Who Called Dogecoin Price Rally In 2024 Predicts 300% Rally In April Currently, DOGE is trading near $0.15385, holding slightly above a key support zone that has historically acted as a pivot area for price action.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-17 @ 16:00:48 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 79 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 27966194

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 14 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #102

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