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Dogecoin Surges to 7-Month High Amid ETF Hype and 40% Weekly Gain

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Source: Cointelegraph
Dogecoin Surges to 7-Month High Amid ETF Hype and 40% Weekly Gain
Photo: Cointelegraph
TL;DR

Dogecoin has broken out of a multimonth symmetrical triangle, with a 40% weekly gain and tripled trading volumes, signaling strong bullish momentum. The breakout target is around $0.60, representing a potential 95% increase, supported by technical patterns and on-chain metrics suggesting further growth in the coming weeks. However, support levels at $0.227 and $0.215 are crucial to maintain the bullish setup, and current market conditions indicate room for additional gains.

Topics:businesscryptocurrency#bullish-momentum#cryptocurrency#doge#dogecoin#price-breakout#technical-analysis
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  1. Dogecoin targets $0.60 next after DOGE price gains 40% in one week  Cointelegraph
  2. DOGE ETF Spurs 6% Rally Ahead of Launch, What Next for Dogecoin?  CoinDesk
  3. Dogecoin ETF Pushes Crypto Industry to Embrace Speculation  Cointelegraph
  4. Dogecoin Touches $0.30 Mark, Meme Coin’s Highest Level in 7 Months  Bitcoin.com News
  5. Why Did Dogecoin (DOGE) Jump Today?  The Motley Fool

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