DOGE Technical Analysis: Rounding Bottom Breakout Teases 25% Jump

DOGE token price approaches the 100-day EMA with a rounding bottom breakout indicating a potential bull run to the $0.19 mark. Key technical points: DOGE prices have inflated 30% in the last two weeks. The bullish rally challenges the 100-day EMA. Finally, the 24-hour trading volume of Dogecoin is $973 Million, marking a 24% fall. Past Performance of DOGE Dogecoin prices find support on the descending trendline after a 20% retracement in the early days of March. After that, however, buyers regained trend control at the trendline resulting in a rally of almost 30% last fortnight. Source-Tradingview DOGE Technical Analysis DOGE prices show a rounding bottom breakout in the daily chart, but the rally faces higher price rejection resulting in a retracement as a retest. However, the post-retest rally could surpass the $0.15 mark if the buyers retain trend control. Despite the rise in buying pressure as the price surpasses the 50-day EMA, the price struggles to withstand the selling at the 100-day EMA. The Dogecoin market price approaches the 100-day EMA and shows a higher price rejection evident by the wick formation. However, the breakout will result in a bullish rally, testing the 200-day EMA mentioned in our previous article. RSI Indicator: The RSI slope shows an uptrend in continuation with multiple rejections from the overbought boundary. Nonetheless, the slope maintains above the 14-day SMA and the halfway mark. Hence, the in...