Summary
TLDR: Dogecoin’s price has been trending upward in 2024, reaching resistance trend line. Second breakout attempt is underway. Weekly RSI and daily chart suggest possibility of a breakout soon, with potential 17% increase to $0.103. However, rejection could cause a 12% drop to $0.078.
Key Points
1. The Dogecoin (DOGE) price has trended upward in 2024 and reached the resistance trend line of its pattern.
2. The weekly Relative Strength Index (RSI) supports continuing the increase, with readings above 50 indicating that bulls still have an advantage.
3. Cryptocurrency trader InmortalCrypto gives a bullish Dogecoin price prediction, suggesting that the meme coin will end its long-term consolidation phase soon and begin a new bull run.