Dogecoin has been moving in a relatively tight range in the past 24 hours, around $0.24, after rejecting attempts to push higher above $0.28 last week. This consolidation movement has given rise to a technical setup on the weekly candlestick timeframe chart that could determine whether the next big move is around the corner. According to a technical analysis shared on the social media platform X by an analyst known as Hailey, Dogecoin may be preparing for a breakout that could send it on an explosive 520% rally.

Supertrend Indicator Signals In Focus

The analysis by crypto analyst Hailey highlights the importance of the Supertrend indicator, which has been a reliable guide for Dogecoin’s price movements in previous cycles. Particularly, using this indicator on the weekl

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