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Dogecoin (DOGE) Price: Understanding the Recent 30% Decline and Recovery Prospects Blockonomi 1 settimana fa

Dogecoin (DOGE) Price: Understanding the Recent 30% Decline and Recovery Prospects 📉

Dogecoin recently experienced a significant decline, dropping 30% from $0.3250 to a low of $0.20. This drop was characterized by a plunge below several key support levels. However, signs of recovery have emerged as the price has rebounded above $0.280.

Trading above the 100-hourly moving average indicates potential stabilization, with key resistance levels noted at $0.250 and $0.270. A major bearish trend line is forming, presenting additional resistance to Dogecoin's attempts at further recovery.

Fonte: blockonomi.com ↗

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