$DOGE

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On December 20, 2024, the price of Dogecoin (DOGE) is trading around $0.30.

Technical Analysis:

- Support and Resistance:

- **Support:** The recent key support level is at $0.35, where the bulls have held for nine consecutive days.

- **Resistance:** The main resistance level is at $0.4750, where previous rallies have been stopped.

- Chart Pattern: DOGE may be forming an “inverse head and shoulders” pattern on the weekly chart, a potential bullish reversal pattern.

Suggested Trading Strategy:

- Range Trading: With the price fluctuating between $0.30 - $0.35, investors can consider buying near the $0.30 support and selling near the $0.35 resistance.

- Watch for a breakout: If the price breaks above $0.35 with increased trading volume, one can consider buying with the expectation of further upside towards the $0.4750 resistance. Conversely, if the price falls below $0.30, one can consider selling or waiting for confirmation before re-entering the market.

Note: The cryptocurrency market is highly volatile; therefore, risk management and market news monitoring are important. #BTC☀#Dogecoin$BTC #BTCNextMove