DoZico breaks through key support line...Analyst: ”Capturing bullish momentum, high possibility of rebound”

Dozicoin (DOGE) has recently shown bullish momentum and broken out of a key support level, leading some analysts to expect a rally to $0.28 in the near term.
As of 2 p.m. on the 8th, the price of DoZicoin on CoinMarketCap had risen 4.40% in the last 24 hours to $0.1799.
A day ago, Ali Martinez, an analyst specializing in meme coins, wrote via X that “DOGE is approaching a critical support level near $0.167.
"If this range holds, it could rebound to $0.175 and $0.183," he said. DOGE is indeed defending its support line.
Another analyst, Efloud, suggested $0.169 as a short-term (LTF) support level, saying, "If this level holds, I don't see any major issues with the downside."
"It could act as a support level during a correction," he added. "Whether or not we can break out of $0.174 will be key to determining future upside."
Popular analyst Trader Tardigrade has spotted a "Diamond Bottom" on the DOGE chart.
He said a "bottom" reversal pattern had formed, which he said could serve as a teaser for a strong upside reversal. He set a short-term price target of around $0.28.
Analyst Kamran Ashgar also said, "Doge is waking up," and that if DOGE shows signs of rising, it could be the catalyst for a revival of meme coins overall.
Despite the positive outlook from multiple analysts, some on-chain data and trading indicators also suggest a correction is possible.
According to blockchain analytics platform Arkham, inflows of DOGE into centralized exchanges have exceeded outflows in the past week. This is due to investors increasingly using individual
This means that people are moving assets from wallets to exchanges, which could lead to increased selling pressure.