Can Dogecoin make a comeback? Let's take a look at the price trend
The price of Dogecoin, like Bitcoin and Ethereum, has also fallen sharply, plummeting from a high to below $0.355, failing to hold the $0.335 and $0.32 support levels, and dropping to a low of $0.2613.
But recently, Dogecoin has started to rebound, returning to above $0.3 and breaking the $0.312 resistance level, standing above the 100-hour moving average.
If Dogecoin continues to rise, then $0.34 may be a small obstacle, and it might reach $0.352, which is calculated as the Fibonacci 61.8% retracement level based on previous price trends. Further up, there could be attempts at $0.375, $0.388, even $0.4 and $0.412, where Dogecoin might make a move.
However, if Dogecoin cannot break through the $0.335 barrier, it may need to drop back down. Support levels at $0.3 and $0.285 may all need to be tested. If it cannot hold the support level at $0.262, then Dogecoin may continue to fall, possibly down to $0.25 or $0.232.
Don't be blinded by short-term fluctuations, Sister Qi is here to guide you, revealing a potential coin that is expected to multiply more than ten times without a doubt! Follow Sister Qi, and step out of confusion towards financial freedom! Like + comment for free sharing!
