DOGE | Preparing for Breakout

Dogecoin appears to be setting up for a potential breakout from a long consolidation phase.

Key Technical Signals:
- Price has been consolidating near the range low around $0.14260 for months
- Recent price action shows higher lows formation
- RSI is showing signs of life after extended oversold conditions

Potential Long Setup:
- Entry: Current levels around $0.18025 or on any dip to support
- Target: Range high at $0.45000 (150%+ potential gain)
- Stop Loss: Below $0.14260 support level

Risk Factors:
- Crypto markets remain volatile
- Bitcoin correlation could impact movement

The technical setup suggests accumulation at these levels, with the potential for a significant move if the diagonal resistance is broken. However, failure to hold current support could lead to further downside.