DOGE the 100% gain is now nothing

As observed on the daily chart, Dogecoin (DOGE) is now showing clear signs of strength. The daily candles have successfully closed above the red trendline resistance, which is a critical technical development. A close above a descending or horizontal trendline resistance on the daily timeframe carries more weight than an intraday breakout, as it reflects sustained buying pressure by the end of the trading session.

This price action suggests that the previous bearish or consolidative structure may be coming to an end. Consequently, it appears to be an appropriate time for a potential rise and long position accumulation.

In response to this breakout confirmation, a buy signal was triggered upon the breakout candle close. The initial target for this setup is set at 100% (approximately 2x) from the entry level.

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