Are the rises at the door for Dogecoin (DOGE), which has been going back and forth in a certain price range for twenty days?
The memecoin trend, which lost its air with the collapse of Pepe (PEPE), was reflected in Dogecoin (DOGE). Long-accumulated DOGE seems to need more fundamental analysis than technical analysis. What about the graphic for DOGE, which usually comes to the fore with Elon Musk’s social media posts or Twitter’s moves?
Dogecoin (DOGE) Chart Analysis
Having jumped from a significant range in the 4-hour period, DOGE gained 5.95 percent in the last 3 days. DOGE, which is trading right between the next resistance and the nearest support, could experience more voluminous gains if it permanently surpasses the $0.76 area. The resistance levels to watch for DOGE are $0.76 – 0.86 – $0.95 and $0.97, respectively. At these values, sales-oriented transactions can prevail.
The decline of Memecoins, the pullback of Ethereum may bring the possible decline in DOGE to even lower prices. The levels at which buyers can play an active role for DOGE are $0.68 – $0.659 and $0.624, respectively. In addition, fundamental analysis is as important as technical analysis for DOGE.
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