Dogecoin’s recent price action has taken a noticeably bullish turn, with the meme coin bouncing off support at the beginning of the week and steadily building upward momentum. Over the past few days, Dogecoin has been on the path to reclaiming the $0.25 level after rebounding from a low near $0.215. This upward move coincides with Bitcoin’s surge to new all-time highs, which has helped to inject new confidence across the broader crypto market. Notably, technical analysis of the Dogecoin/TetherUS pair on the daily candlestick timeframe shows that the meme coin’s price has now flipped into an ascending channel headed for at least $0.3. Dogecoin Confirms Bullish Breakout As Trendline Crumbles According to a technical analysis posted on the TradingView platform by crypto analyst Melika, Dogecoin has bounced on through a long-standing bearish trendline that had acted as a major resistance in April. This breakout is a by a clear validation of an ascending channel that has formed since late April. Related Reading: Dogecoin Falling Wedge Breakout Puts Bulls In Charge, Target Moves Up To $0.62 ..
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