Dogecoin price has surged significantly over the last trading day and grew more than 8%. The ongoing series of market slash has diminished the upper levels of most of the cryptocurrencies. Bitcoin price is also struggling hard to break the narrow trend and regain the lost bullish momentum.
Amid the lower trend of the major assets, DOGE price successfully uplifts itself to head towards the next target. However, to resume with the bull run, it currently it’s mandatory for the price to smash the upper resistance levels. One of the popular analysts, DogecoinBull says that the price may go higher in the short term if it is able to surpass the levels at $0.29, $0.39 and $0.52.
Considering the present price movements, the price is currently trending within an ascending triangle. And the price is about to experience a notable breakout, anytime from now. The price appears to have completed with consolidation and very soon may surge above the upper trend line shortly.
With the successful breakout, the dogecoin price may reach the initial target of around $0.28. However, a steady rally is required eliminating steep plunges and rejections. Once done with the short term targets, DOGE price could eventually head strongly towards $1.