Will Dogecoin (DOGE) stay above $0.30 and make a bullish breakout towards the $0.35 level?
While Bitcoin is hovering near the $93,000 support level, Dogecoin is down 2.75% in the last 24 hours. Despite the continuation of the downward trend and high fluctuations, Dogecoin remains above the $0.30 mark with a market cap of $46.16 billion.
As a whale shows confidence in the largest meme coin, the underlying sentiment suggests a resurgence of the uptrend. Could Dogecoin start a breakout rally with support from a divergence in the 4-hour RSI in 2025?
Dogecoin price chart
DOGE price targets
In the event of a bullish breakout, Dogecoin’s uptrend is likely to challenge the 50% Fibonacci level at $0.3521.
On the other hand, if the crash continues and Bitcoin approaches $90,000, a plunge below $0.30 seems inevitable. In such a case, Dogecoin price is likely to test the $0.265 support level.
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