Dogecoin Up 9% In One Week: Is A Breakout Coming?

Dogecoin DOGE/USD is up 9% over the past week, with key technical signals suggesting a possible breakout.

Trader Notes: Analyst Trader Tardigrade points to a bullish shift in Dogecoin's weekly Gaussian Channel, where four consecutive red candles have now given way to a green one, signaling a potential breakout through the mid-band.

He also highlights a key resistance trendline, which, if broken, could open the path to $1.

Crypto analyst Ali Martinez suggests that a monthly close above $0.20 would be a significant bullish confirmation.

He says this would likely trigger a run toward DOGE's all-time high of $0.74, increasing investor interest across retail and institutional players.

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The Cryptomist echoes the optimism, noting a clean daily trend and a bullish pattern forming on lower timeframes, with DOGE targeting $0.26 next.

Statistics: Data from Coinglass shows Dogecoin's open interest surged to $2.01 billion as of April 27, its highest level since early March.

In the past 24 hours, DOGE saw $3.74 million in liquidations, with $2.95 million from long positions, hinting at increased volatility and leveraged trading.

Community News: In a notable move, Coeptis Therapeutics announced a merger with Z Squared, a Dogecoin-focused mining company. The combined entity aims to expand digital asset mining with DOGE as its core focus.

"We're proud to bring retail and institutional audiences’ access to a DOGE-focused asset with over $20 billion in market cap," said Z Squared CEO David Halabu, highlighting the push toward mainstream adoption.

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• Dogecoin Surges 17% On The Week: What Is Going On?

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