Dogecoin Price Prediction:Bulls hold support, expect a surge
Release:
2024/02/05 20:31 Reading: 911
Original author:Coingabbar
Original source:https://coinmarketcap.com/community/articles/65c0cee87147b27d37feb737
DOGE established a support base near $0.07500 and successfully breached both the $0.09000 level and a descending triangle pattern.
However, the subsequent price surge proved short-lived, leading to a decline below $0.08000.
On the daily chart, $DOGE exhibits tight trading within a narrow range, characterized by short candle bodies.
The #Dogecoin price trend remains above the 200-day Exponential Moving Average (EMA).
A descending triangle pattern is evident in the price action, maintaining a continuation of lower highs.
The recent bounce back faces resistance from the 50-day EMA, suggesting the potential for a double bottom reversal.
For a potential recovery wave, the price needs to clear the $0.0830 levels.
According to Coingabbar Price Analysis, indicates that the minimum Dogecoin Price Prediction 2030 will be around $1.00.
KEY LEVELS :
RESISTANCE LEVEL : $0.08500-$0.09100
SUPPORT LEVEL : $0.07600-$0.07200
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice
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