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Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level Newsbtc 4 hari yang lalu

Dogecoin Is Setting For A Massive Leg Higher – Analyst Sees Bullish Consolidation Above Key Level 🐶

Ethereum Dogecoin Bitcoin

Dogecoin (DOGE) has been enduring a short-term downtrend, losing over 29% since January 18. Despite market uncertainty, this downtrend might end as DOGE nears key support levels that often trigger price recoveries.

Top analyst Scient highlights Dogecoin's consolidation above the crucial 1-day support and 1-day 100 EMA, signaling a potential reversal with building buying pressure.

If Dogecoin secures its position above current support and advances, a new rally could unfold, drawing investors back. Analysts remain watchful of DOGE's ability to hold these levels, as a drop below the 1-day 200 EMA would mark bearish territory.

The next few days will be pivotal for Dogecoin, struggling at $0.32, with a potential strong recovery should it break resistance at $0.35. Conversely, dropping below $0.30 could expose DOGE to further declines.

Sumber: www.newsbtc.com ↗

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