Dogecoin is currently consolidating within a tight range, trading below the $0.18 mark and holding support above $0.16. Meme coins have faced significant selling pressure and uncertainty, struggling to gain momentum as the broader crypto market remains volatile. Bulls must reclaim crucial resistance levels to confirm a recovery and prevent further downside. Related Reading: XRP Bulls Face A Big Test – Metrics Show $2.40 As The Most Critical Resistance Level Despite the market downturn, there are signs that DOGE may be on the verge of a breakout. Top analyst Carl Runefelt shared insights on X, revealing that Dogecoin is forming a bullish pattern that could break out at any moment, leading to a massive rally. According to Runefelt, the pattern resembles a classic accumulation setup, hinting at a potential surge in price if key resistance levels are breached. With market sentiment shifting and on-chain data showing renewed interest in DOGE, traders are closely watching for signs of a breakout. If Dogecoin manages to reclaim higher price levels, it could signal the start of a strong uptrend for the meme co ..
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