DOGE price had another surge in the last three days jumping toward a price of $0.348. The digital asset still aims for new all-time highs and it’s only facing one critical resistance support level at $0.32.
On the daily DOGE/USD chart, Dogecoin price formed a bull flag which could be on the verge of a breakout level. The most significant resistance support level is formed at around $0.32. A daily candlestick chart closes above this point would confirm a breakout.
This breakout level has a price target of $0.57, which would be a new all-time high. There is only one in-between target at a price of $0.45.
Additionally, on the 4-hour price chart, the Dogecoin price formed an ascending triangle pattern which can be drawn with an upper horizontal support trend line and another one connecting the higher lows. The resistance point coincides with the one above at $0.32.
However, if the DOGE price gets rejected at the top, it can quickly fall toward the lower boundary of the pattern level at $0.29. A 4-hour candlestick chart close below this point would confirm a breakdown with a 35% price target at $0.193.
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