UPDATE Dogecoin (#Dogecoin‬⁩ ) 2-day chart for 10/01/2024,

Current situation on the chart:

• The price has exited the descending triangle formation, and the green candle confirms a successful retest. This indicates strong support at levels below the current price.

Price forecast (short-term, medium-term):

• Short-term: In the short term, the price may continue to consolidate inside the Ichimoku cloud. It is important to watch for a breakout of the cloud upwards or downwards. In case of a breakout of the cloud upwards, the price may strive for 0.12000 and higher.

• Medium-term: If the price exits the Ichimoku cloud upwards, continued growth is expected to the level of 0.12200. However, if the price breaks the lower border of the cloud, a rollback to support at the level of 0.11384 is possible.

⚠️ Overall conclusion:

The price being in the Ichimoku cloud signals uncertainty. An important signal will be a breakout up or down from the cloud. At the moment, growth is more likely, but it is also important to monitor the price behavior around 0.11384 and the Ichimoku cloud.

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