Dogecoin Stages Daring Comeback: Is the Meme Coin Preparing to Fetch $1?

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If you’ve ever wondered what happens when a dog-themed internet joke decides it’s tired of playing fetch with your wallet, Wednesday offered some clues. Dogecoin, that plucky meme coin which refuses to stay on the porch, has once again rolled over and barked its way back to the $0.17 resistance level—though it seems unclear whether it’s playing dead or merely napping with one eye open. 🐕💸

Aftermath of Dogecoin’s Support Retest: The Dog Strikes Back

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The chart in question is either proof of advanced technical analysis or of someone letting their dog walk across their keyboard. Still, a hefty bounce last September suggests that history might not repeat but could possibly rhyme—with plenty of howling. Should this pattern play out, DOGE could soon outpace its own previous escapades, reaching toward the mythical $0.90 mark. An all-time high? Hold your leashes and don’t jinx it yet.

If you’re holding onto your DOGE, you might want to start practicing your surprised face for when the coin starts jumping on the couch again—because that bullish momentum is eyeing the living room.

The Ascending Channel: When DOGE Decides to Climb the Fence

As DOGE shakes off its nap and stretches out, the charts reveal a shift: from the downward walk of shame to something that looks suspiciously like optimism (or possibly mischief).

Zooming into the 1-day price action, Trader Tardigrade declares an “Ascending Channel” is in play. If you’re unfamiliar, that’s technical-speak for two upward lines, inside which the price zigzags like a dog caught between chasing a squirrel and sniffing every lamppost on the block. 📈🐶

This pattern often hints at consolidation—a period where price gathers its nerves before making a wild run across the neighbor’s lawn. DOGE snug at the lower support line suggests pent-up energy, with every eye on an imminent breakout. All eyes lock on the $0.176 line: the next fence to hurdle.

At last tally, DOGE pranced at $0.174, up 7% in the last 24 hours. Trading volume, meanwhile, performed its own zoomies with a 105% surge. Hope springs eternal—and so does meme coin-fueled chaos. If only actual dogs could fetch profits like these.

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2025-07-04 04:13