🔥🚀🔥$DOGE coin price analysis and market update.🔥🔥
✅🔥 Figure-1 shows that DOGE is moving in a descending channel. Currently it is retesting central support of a descending channel. Horizontal line support coincides with central trendline support of descending channel that makes a strong support zone for DOGE. In upward move it may probably break upper trendline and retest horizontal support after which it will possibly continue its up trend. For long buyers after retesting is a good opportunity. so keep an eye on it.
✅🔥Figure-2 reflects that, if $DOGE unable to hold central trendline/support then if will likely move towards bottom trendline/support. From where it is highly likely that it will rebound and touch the upper trend line and consolidate there for the time being. Horizontal trendline is drawn which is a strong buy zone for DOGE. This support will be crucial to determine its upward price movement. Failure will lead to a lower price which at the moment seems least likely. Rebound from this support is a good opportunity for long buyers, if retest remains successful.
✅🔥 Spot buyers may do DCA for good return during next leg of bull market. By looking at the recent trend of meme coins and market data $DOGE may probably do 6x-8x. DOGE is known as the father of meme coins.
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📢Disclaimer: DYOR for financial activities. This is a general perspective for learning purposes.
