DOGE Presses Into Long-Term Trendline — Breakout or Breakdown?

DOGE is approaching a multi-month descending trendline with rising volume and an overbought stochastic RSI. Price is coiling in a tight triangle just below both the 50 and 200 EMA — a major move is on deck.

🟢 Scenario 1 – Bullish:
Break above $0.18 and reclaim of the 200 EMA ($0.20) could launch DOGE toward $0.25+. A confirmed flip of the trendline would mark a major sentiment shift.

🔴 Scenario 2 – Bearish:
A rejection here and break below $0.16 could lead to a steep drop toward $0.12 or lower. The red path shows a return to the broader downtrend if bulls fail to step in.

⚠️ Stoch RSI is at extreme levels — suggesting the next move may come soon.