Dogecoin’s Price Potential: Breakout or Breakdown?

Dogecoin, the largest meme coin, could break out of its trading range with support at $0.075 and resistance at $0.088. If it breaks above support at $0.0787, it could reach $0.094, but a drop to $0.07 is possible. Reduced trading activity suggests waning interest in Dogecoin, and a breakout above $0.1 is not guaranteed in the short term. Traders should closely watch the trendline resistance and the 50-day EMA for potential bullish movements.