Dogecoin Targets $0.17 as Bullish Momentum Builds – Can the Meme Coin Rally Continue?
Over the past 12 hours, Dogecoin (DOGE) has shown bullish momentum, trading around $0.145 . The meme-inspired cryptocurrency has broken out of a falling wedge pattern , a formation that often signals an impending price surge. Traders are now eyeing key resistance levels at $0.150 and $0.160 , with further potential gains up to $0.17 ( ​ InsideBitcoins.com m ) ( ​ marketbeat ).
This bullish sentiment is supported by strong fundamentals, with the Relative Strength Index (RSI) remaining in a healthy zone, indicating room for continued upward movement. Dogecoin's price has benefitted from market-wide optimism, with traders betting on further gains as it consolidates above critical support levels of $0.120 and $0.130 ​ ( InsideBitcoins.com ).