Dogecoin Weekly Chart Flashes Strength

• Dogecoin’s weekly chart just touched a major resistance level and looks ready to break out. The price is hovering near $0.18 on Binance, repeatedly bouncing off a multi-year ascending trendline while testing a resistance zone formed by previous weekly highs. A projected upward move has traders excited, though new regulatory proposals could complicate the picture.

• The tax changes being discussed would push crypto operations into higher tax brackets and tighten reporting requirements. Industry insiders worry these shifts could bankrupt smaller firms, drive talent overseas, and drain liquidity from markets like meme-coins. If infrastructure weakens, Dogecoin’s expected breakout might stall—past rallies have needed both strong technicals and healthy sector conditions to take off.

• From a financial angle, stricter taxes could backfire. Companies might downsize or relocate, shrinking income-tax revenue and widening budget gaps instead of closing them. Industry voices are pushing for higher profit taxes rather than operational burdens, arguing this would protect innovation and keep investment flowing to assets like Dogecoin during critical technical moments.

• The chart tells the story: RSI sits in neutral territory, price holds above the rising trendline, and resistance around $0.18–$0.20 remains the key battleground. Whether Dogecoin breaks higher or consolidates further may depend as much on government decisions as trader confidence.

Source: Jimmy