Dogecoin Reaches 0.27 USD? Price is Rising

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After many months of slow price movements and sideways accumulation, Dogecoin (DOGE) may be about to make a significant breakthrough. Recent price fluctuations, technical signals, and broader macroeconomic trends appear to be converging in favor of DOGE.

Breakthrough Technology Out of Reduction Channel

According to the analysis, Dogecoin has officially broken out of the downward channel, a formation that has locked in price increases since the beginning of the year. The breakout is further confirmed by successfully retesting the previous resistance level, which has now become support, indicating that a bullish reversal is taking place. Immediate resistance is at the 0.27 USD level, but if buying pressure continues, DOGE could rise to 0.39 USD and even 0.43 USD in the coming weeks. Meanwhile, support around the 0.17 USD level provides a layer of protection in case of a short-term correction.

Short-Term Price Action and Elliott Wave Analysis

Recent price behavior shows that Dogecoin is in a micro-adjustment phase, currently maintaining above the key support area between 0.17 USD and 0.1777 USD. This area had previously been identified as a micro support level, and the market has responded accordingly, indicating that the fifth wave in the Elliott wave sequence may be starting. In the current wave count, analysts recognize a potential three-wave upward move, with Wave 3 peaking near the 138% Fibonacci extension level at 0.196 USD. If this structure holds, Wave 5 could extend to 161.8% at 0.206 USD or 178.6% at 0.213 USD. A confirmed breakout above 0.185 USD would strongly affirm that the next bullish phase is underway.

Macro Trends: Bitcoin, Global M2 and the Relationship to Dogecoin

In addition to the charts, the macroeconomic indicators are adding fuel to the fire for the bullish scenario. A rising story attracting analysts’ attention is the relationship between cryptocurrency prices and the global M2 money supply – a measure of the world’s money supply that includes cash, checks, and easily convertible assets. According to one user, when applying a 110-day lag, there appears to be a consistent pattern between M2 increases and DOGE price increases — excluding outlier events such as the post-Trump election price surge. If the flow of money continues to move into assets like Dogecoin as global liquidity expands, especially in the summer, this relationship may become clearer – reinforcing the bullish technical outlook.

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