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Dogecoin (DOGE) is showing signs of a potential breakout despite recent market selloffs. Analysts suggest a 30% rally could be possible, but bearish risks remain. Key technical and fundamental factors are shaping DOGE’s price trajectory.
- Dogecoin is forming a bullish declining wedge pattern, signaling potential for a breakout toward $1.
- Pending DOGE ETF applications and Coinbase's cbDOGE product could drive future price rallies.
- Resistance at $0.225 and retail trader activity in futures markets present downside risks.
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