Dogecoin (DOGE) Anticipates Breakout for Potential 80% Run, FLOKI to Follow: Watch These Memecoins Key Price Levels
Cryptocurrency enthusiasts and traders are keenly watching the meme coin sector, where technical patterns suggest possible uptrends for Dogecoin (DOGE) and Floki. The two meme-inspired cryptocurrencies have already seen spikes today, with Dogecoin surging 15% and Floki climbing 16% as memecoins ride the wave of the general market resurgence. However, these figures seem to be just a taste of potentially bigger spikes to come.
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Dogecoin Eyes a Bullish Breakout
According to World Of Charts, Dogecoin (DOGE) appears poised for an upward trajectory. The analysis, which charts DOGE’s performance over four-hour increments, reveals a falling wedge pattern, indicating a correction phase might have concluded. “Seems like correction has already completed and finally #Doge is ready to make higher high expecting move towards 0.27-0.30$ in case of successful breakout,” tweeted @WorldOfCharts1.
The current price of Dogecoin stands at approximately $0.13799, with an observed uptick of 4.63%. The resistance level at $0.13800 is critical; a breach could signal a shift from bearish to bullish sentiment. Conversely, failure to surpass this threshold may confine DOGE within its current downtrend channel, potentially testing lower supports again.
Moreover, should Dogecoin overcome the $0.13800 resistance, projections suggest a substantial rise could ensue, potentially reaching above $0.23000 resistance level—an optimistic target that would represent an 80.42% increase from its current price.
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Show more +Floki’s Bullish Flag Signals Optimism
Meanwhile, Captain Faibik’s analysis of Floki presents a bullish flag with a decisive upside breakout. “Bullish Flag Upside Breakout.. Send it to the Mars.. #Crypto #FLOKI #FLOKIUSDT,” Captain Faibik posted. This pattern, captured in a daily timeframe, shows converging trendlines sloping downward before the price moved above the upper boundary, hinting at a potential bullish reversal.
The projection box in the chart anticipates a rise, aiming for a 178.71% increase from the breakout point, marked at approximately $0.00011276. Such a surge hinges on the cryptocurrency maintaining its momentum above the critical breakout level, which could now serve as a new support.
Additionally, a sustained breakout could entrench bullish sentiment, inviting further investment into FLOKI. Market conditions remaining favourable are essential for achieving these ambitious targets, reflecting broader optimism in the meme coin sector.
Both Dogecoin and Floki currently stand at pivotal points. For DOGE, the immediate future involves testing a key resistance level that could either confirm a new bullish phase or reinforce the current downtrend. Moreover, Floki, having signaled a breakout, now faces the challenge of maintaining its bullish momentum to realize projected gains.
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