Dogecoin (DOGE) Price Prediction: Can Dogecoin Ride the Cup-and-Handle Rally and Break the $0.357 Resistance in July?
The post Dogecoin (DOGE) Price Prediction: Can Dogecoin Ride the Cup-and-Handle Rally and Break the $0.357 Resistance in July? appeared on BitcoinEthereumNews.com. Dogecoin is surging again—fueled by bullish technicals, fresh capital inflows, and growing investor excitement. But can DOGE finally break the stubborn $0.357 resistance this time around? After gaining over 77% in July alone, Dogecoin is leading the memecoin pack with strong momentum.A break from a classic cup-and-handle pattern, rising trading volumes, and astute institutional support have joined forces to drive the traders’ optimism. With DOGE closing in on a crucial resistance level last seen in early 2024, what the traders now want to know is if the rally can sustain itself. Cup-and-Handle Breakout: A Technical Strength Indicator One of the most powerful developments in dogecoin price prediction is its breakout of a textbook cup-and-handle pattern on the daily graph—a classic bullish setup that often produces powerful upswings. In CCN, this breakout indicates a potential 165% jump in price, which will drive DOGE up to $0.70 in the long term, given positive market conditions. Two fake alt seasons, endless retracements—enough to shake out the weak. But what’s coming next? Only the brave will be rewarded. Source: CryptoJulio on Tradingview Crypto analyst Victor Olanrewaju highlights that this pattern confirms the start of a new bullish cycle. “This could be the breakout DOGE holders have been waiting for,” he wrote. Supporting this view, the Money Flow Index (MFI) has risen to 89.12, indicating increased buying activity. Institutional Support: Bit Origin’s $500M Dogecoin Treasury Adding fuel to the bullish fire, Dogecoin news took a sharp turn when Bit Origin Ltd announced a $500 million funding round dedicated to building a Dogecoin treasury. The firm plans to support long-term adoption and market liquidity through this treasury, which may prove pivotal for sustaining the upward momentum of the Dogecoin price. According to the company’s release, this capital will be used in a “multi-phase DOGE monetization strategy,”…
The post Dogecoin (DOGE) Price Prediction: Can Dogecoin Ride the Cup-and-Handle Rally and Break the $0.357 Resistance in July? appeared on BitcoinEthereumNews.com.
Dogecoin is surging again—fueled by bullish technicals, fresh capital inflows, and growing investor excitement. But can DOGE finally break the stubborn $0.357 resistance this time around? After gaining over 77% in July alone, Dogecoin is leading the memecoin pack with strong momentum.A break from a classic cup-and-handle pattern, rising trading volumes, and astute institutional support have joined forces to drive the traders’ optimism. With DOGE closing in on a crucial resistance level last seen in early 2024, what the traders now want to know is if the rally can sustain itself. Cup-and-Handle Breakout: A Technical Strength Indicator One of the most powerful developments in dogecoin price prediction is its breakout of a textbook cup-and-handle pattern on the daily graph—a classic bullish setup that often produces powerful upswings. In CCN, this breakout indicates a potential 165% jump in price, which will drive DOGE up to $0.70 in the long term, given positive market conditions. Two fake alt seasons, endless retracements—enough to shake out the weak. But what’s coming next? Only the brave will be rewarded. Source: CryptoJulio on Tradingview Crypto analyst Victor Olanrewaju highlights that this pattern confirms the start of a new bullish cycle. “This could be the breakout DOGE holders have been waiting for,” he wrote. Supporting this view, the Money Flow Index (MFI) has risen to 89.12, indicating increased buying activity. Institutional Support: Bit Origin’s $500M Dogecoin Treasury Adding fuel to the bullish fire, Dogecoin news took a sharp turn when Bit Origin Ltd announced a $500 million funding round dedicated to building a Dogecoin treasury. The firm plans to support long-term adoption and market liquidity through this treasury, which may prove pivotal for sustaining the upward momentum of the Dogecoin price. According to the company’s release, this capital will be used in a “multi-phase DOGE monetization strategy,”…
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