Dogecoin Compression Pattern Aims for Breakout Above $0.25

Long-Term Compression Pattern: Dogecoin is experiencing a long-term compression pattern, with higher lows approaching resistance at $0.25, while maintaining strong support between $0.20 and $0.22.

Market Momentum and Recovery: In the last 24 hours, Dogecoin has seen an 8.9% recovery, rising from $0.2091 to around $0.2385, supported by significant trading volume exceeding $5.24 billion.

Breakout Levels and Potential: A decisive breakout above the $0.2420 to $0.2450 range could confirm the bullish trend, potentially leading to price levels of $0.26 to $0.27, while the critical risk zone remains at $0.20.

Trading Activity Insights: The current market cap stands at $35.8 billion, with ongoing buying pressure indicating that selling supply is being absorbed, suggesting potential for upward movement as long as key support holds.