Dogecoin Price Analysis: Dogecoin seems ready for a breakout after crossing $0.2900 resistance

TL;DR Breakdown Dogecoin price is points higher than the critical demand zone originating from $0.262 – $0.281.DOGE is cutting short a 16-day long descending triangle that begun on August 18.Sellers are targeting to correct lower than the 20-day EMA at $0.28 Dogecoin is points higher than the critical demand zone originating from $0.262 – $0.281 after the meme coin managed to flip resistance in this area into support almost a week ago. DOGE/USD pair has been trading with mixed results on the 5-day chart before yesterday’s breakout above the $0.2900 major resistance level. Bulls have a chance to steer a rapid rally all the way to $0.3600 if they can uptick buying pressure.  Cryptocurrency Heatmap Image by Coin360 Two price barriers are lying between the press time price of $0.3020 and the upper $0.3670 target. The first barrier lies at the $0.3280. According to transaction data from Glassdoor, buyers will easily reach $0.3670 after overcoming the first barrier and hence steer the price action to a 30 percent rally. Today’s Dogecoin price analysis seems to be shifting momentum towards a rising wedge that could stop a 16-day long descending triangle that began on August 18 from the $0.3500 swing high. The bulls are aggressively campaigning for a strong rally, as shown in the 1-month chart below, which, if successful, Dogecoin price action could stop at $0.3500 in the course of the day.  Dogecoin 1-month chart by Trad...