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Recently, DOGE has shown signs of breaking out of a long-term symmetrical triangle pattern, attracting market attention. Currently, this Crypto Asset faces a resistance level of $0.25, while the key support level is located in the range of $0.21-$0.22.
Analysis shows that if DOGE can confirm a breakout above the 0.25 USD resistance level, accompanied by strong trading volume, it may reach a target price of 0.28-0.30 USD in the short term. If the upward momentum continues, medium to long-term targets could even reach the range of 0.75-1.00 USD.
It is worth noting that DOGE previously broke through the 0.32 USD resistance level and subsequently surged by 85%, reaching a high of 0.58-0.60 USD at one point. Currently, related technical indicators show moderate bullish signals: the Relative Strength Index ( RSI ) is at 55.18, and the Moving Average Convergence Divergence ( MACD ) is slightly positive, indicating that there is gentle upward momentum in the market, but further confirmation from trading volume is still needed.
However, investors should also be wary of downside risks. If DOGE fails to hold the support level of 0.21-0.22 USD, it may further decline to the range of 0.18-0.19 USD.
From a medium-term perspective, the breakout of the symmetrical triangle suggests that DOGE may continue its upward trend. The target range obtained from the triangle measurement method is $0.50-0.55, which aligns with previous highs.
Overall, the technical aspects of DOGE show positive signals, but its future trend will still depend on market trading volume and whether it can maintain a breakthrough of key resistance levels. Investors should consider multiple factors comprehensively when making decisions and always follow market dynamics.