Dogecoin Awaits a Major Breakout
Dogecoin’s bulls clearly dominated the market last week as the memecoin’s price appreciated by more than 20% in the last seven days.
Dogecoin’s bulls clearly dominated the market last week as the memecoin’s price appreciated by more than 20% in the last seven days. In the last 24 hours alone, DOGE’s price surged by 4%. At press time, the world’s largest memecoin was trading at $0.1622.
AMBCrypto’s look at IntoTheBlock’s data revealed that after the aforementioned hike, 5.34 million DOGE addresses were in profit. This number accounted for 84% of the total number of Dogecoin addresses.
DOGE’s price surged sharply a few days ago. Following the same, DOGE’s price registered a slight correction. However, this helped in forming a bullish flag pattern. At press time, DOGE was on the right track as it seemed to be approaching the upper limit of the pattern. A breakout above this flag pattern could push DOGE to $0.209 in the coming weeks.
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