Dogecoin price predictions remain bullish on Thursday, despite pulling back slightly from the multi-week highs posted earlier this week. DOGE, the native token that powers the Dogecoin blockchain, made two attempts to break above €0,11 on Wednesday, with the cryptocurrency being driven along with broader cryptocurrency markets and traditional risk assets like stocks. President. of the US Federal Reserve, Jerome Powell, on the pace of further rate hikes.
Dogecoin is still in an uptrend
The bulls are taking a break right now, with Dogecoin back at just under €0,1050 and down around 2,0% on the day, according to TradingView. But Dogecoin technical data still looks positive, with DOGE/USD still in an uptrend since the cryptocurrency's double dip at the €0,07 print earlier this month. The cryptocurrency is arguably forming an ascending triangle, with resistance currently in play at the €0,10/€0,11 upper area.