The price of Dogecoin is on track to exit the third base of a parabolic model, indicating the potential start of a new bullish cycle.
Exit of Dogecoin from Base 3
According to analyst Trader Tardigrade, the price of Dogecoin has surpassed the third stage in a parabolic curve. This progression suggests that DOGE may be in the early stages of a broader upward cycle. Typically, significant movement follows the breakout of the last base.
Liquidity Analysis Below $0.187
Analyst Crypto Claws pointed out that Dogecoin may need to clear liquidity from lower price levels before confirming a full breakout. Maintaining the rally in this area would depend on confirmation of support at major levels. $0.187 could become a new liquidity area.
DOGE Price Targets
Technical analysis has identified the $0.313 and $0.3597 zones as interim targets. If support is confirmed, the price may try to overcome $0.40, remaining under pressure from unresolved volume. Volume analysis will play a crucial role in determining the nearest targets.
At present, the price of Dogecoin is $0.1913, showing minor intraday weakness. Future movements of DOGE will depend on support confirmation at key levels.
