Can Dogecoin Rebound to $0.43?

A TradingView analyst has highlighted a bullish setup in Dogecoin, forecasting a 30% surge to $0.43 if it successfully breaks through key resistance.

A bullish setup has been identified in Dogecoin, suggesting a potential 30% surge to $0.43 if it manages to break through key resistance.

The meme-based crypto has been rallying amid broader market optimism and speculation regarding an upcoming ETF.

Moreover, interest in DOGE has been piqued following its integration into services offered by Elon Musk-affiliated companies.

For instance, a recent analysis by a TradingView analyst highlighted a 12-hour Dogecoin trading chart, showcasing historical price movement and technical indicators.

The chart displayed a descending channel, indicating that Dogecoin has been experiencing lower highs and lower lows. However, technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), have turned increasingly positive, suggesting a potential breakout from this pattern.

A key resistance level at $0.43 has been identified and marked as a significant target price for the crypto. At its current price of $0.3312, Dogecoin would need to rise by approximately 29.83% to reach this targe