Dogecoin (DOGE) is currently consolidating under $0.26 after a recent sell-off by whales, who dumped $40 million worth of tokens. This movement could impede further price gains. Despite an 18% decline since reaching a high on May 10, analysts are optimistic about a potential breakout that could elevate DOGE to $0.35 or higher. The price rose 44% over the past month, hitting $0.225. The consolidating phase is characterized by bullish chart setups and the formation of a bull flag since its rally that started in early April. While profit-taking occurred at key resistance levels, other indicators suggest healthy consolidation is underway, with strong support between $0.218 and $0.219. Analysts forecast that DOGE may rise significantly, potentially 52-114% in the coming week, as they notice an upward momentum despite recent corrections. The overall sentiment appears to remain positive for the cryptocurrency despite fluctuations.

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