The post Dogecoin Shows Potential Reversal After Breaking 50-Day Trendline with Key Resistance at $0.17 appeared on BitcoinEthereumNews.com.

Dogecoin has recently broken above its 50-day trendline, signaling a potential bullish reversal with a higher high and higher low pattern emerging. The $0.17 resistance level is critical; surpassing it could pave the way for gains toward $0.20 and beyond, supported by rising volume and RSI momentum. As noted by COINOTAG sources, the increasing RSI and volume confirm strengthening bullish sentiment, reinforcing the likelihood of sustained upward movement. Dogecoin breaks key 50-day trendline with bullish HH-HL pattern; $0.17 resistance is pivotal for further gains amid rising RSI and volume momentum. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Dogecoin Breaks 50-Day Trendline, Indicating Early Signs of Bullish Reversal Dogecoin’s recent price action reveals a significant technical development as it breaks above the 50-day descending trendline, a level that had consistently acted as resistance during its recent downtrend. This breakout is accompanied by the formation of a higher high (HH) and higher low (HL) on the daily chart, which are classic indicators of a potential trend reversal. Market participants should watch closely for the confirmation of a second higher low, which would strengthen the case for an emerging uptrend. Currently trading around $0.1614, Dogecoin’s chart also displays a double-bottom pattern near $0.1445, a bullish formation that further supports the possibility of sustained upward momentum. Technical Patterns and Price Targets Highlight Potential Upside The double-bottom pattern identified on Dogecoin’s daily chart…

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Filed under: News - @ July 3, 2025 5:27 am