Over the past four days, the Dogecoin price is up more than 17% and is thus nearing bullish territory according to two renowned chart technicians. Rekt Capital (@rektcapital) and Henry (@LordOfAlts), are pointing to what they believe is a major technical setup on the Dogecoin (DOGE) price chart—potentially heralding a sizable breakout.
This Price Level Is Crucial For Dogecoin
Early today, Rekt Capital shared a weekly DOGE/USDT chart highlighting key price levels at $0.159, $0.204, and most critically $0.22. According to the analyst, Dogecoin’s trajectory now hinges on whether it can “reclaim and/or Weekly Close above $0.22”—a level he refers to as a green zone of Pre-Halving highs on his chart.
Rekt Capital suggests that the recent dip below $0.22 could represent a mere “downside deviation,” meaning any breach under that threshold might have been temporary if price action stabilizes above $0.22 in the near future. The candlesticks near $0.20 and $0.22 exhibi
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