Dogecoin Price Eyes Second Breakout Attempt Above Ichimoku Cloud

Dogecoin is showing positive signs for momentum as it holds above its crucial technical support level, increasing the chances of another breakout attempt above the Ichimoku Cloud in the coming week.

The latest price performance has caught the attention of crypto analyst Trader Tardigrade, who pointed out that DOGE made its first attempt to climb above the Ichimoku Cloud formation on August 29 but was rebuffed. This does not mean, however, that the entire recovery process has come to an end.

Trader Tardigrade identified the Kijun-sen line as significant for the price of DOGE in upcoming sessions, noting it is performing as dynamic support at this point in time. If DOGE stays above the Kijun-sen level, the present breakout setup will remain intact.