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Bitcoin’s breakout above $78,330 is being cited as a technical signal that could support a potential 25% rally in Dogecoin toward $0.136, provided DOGE can flip a key 23-week resistance level in the new week.
After a more than 3% rise in BTC, the price established itself above its average and formed a pin bar candle on the weekly chart. The implication for Dogecoin is that its next direction may depend on whether it continues to follow Bitcoin’s lead.
Dogecoin’s path toward $0.136 is described as dependent on Bitcoin, given DOGE’s historical correlation with BTC as a proxy asset. The near-term focus is whether DOGE can convert the $0.111 resistance into support.
If DOGE successfully turns $0.111 into support, the technical setup would open room for a move toward a longer-term reference point: the 200-week moving average at $0.136.
The move toward $0.136 is framed as a mean reversion scenario, returning price toward longer-term values. From current levels, the article estimates this would equate to roughly 25% growth. It also points to the coming week of May as potentially decisive, emphasizing that the market is currently in a “waiting phase.”
With BTC’s impulse already confirmed, the remaining question is whether Dogecoin has sufficient liquidity to complete the scenario within the next 7 days.
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