
Dogecoin's Price Outlook: Potential Breakout or Bear Trap?
Dogecoin (DOGE) is currently consolidating between $0.14 and $0.17, with potential for a breakout towards $0.20. Despite recent failed attempts to break higher and a bearish structure, strong trader positioning and signs of market stabilization suggest a possible bear trap, where late shorts could be squeezed, leading to a bullish move. The market's leverage dynamics indicate a shift from panic liquidation to strategic accumulation, setting the stage for a potential upward breakout.

