Dogecoin (CRYPTO: DOGE) is up 9% over the past week, with key technical signals suggesting a possible breakout.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.1789 | $26.7 billion | -1.8% | +9% |
| Shiba Inu (CRYPTO: SHIB) | $0.00001366 | $8.05 billion | -2.3% | +8.6% |
| Pepe (CRYPTO: PEPE) | $0.058978 | $3.8 billion | -1.9% | +10.2% |
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.
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.
Read Next:
- Dogecoin Surges 17% On The Week: What Is Going On?
Image: Shutterstock
