Dogecoin has continued to rise in the past month, with an increase of 234.72%.
Dogecoin has soared 234.72% in the past month, reaching a high of $0.43, but then fell 9.67%.
Analyst Ali Martinez believes that if Dogecoin holds the $0.35 support level, the upward trend is still safe and is expected to rise another 45% to $0.56.
Dogecoin's network usage and transaction volume have increased, the NVT ratio has decreased, and the MVRV long/short difference has increased, indicating that market confidence has increased.
Investors do not need to panic about short-term declines. Dogecoin is full of possibilities in the future and may challenge the $0.44 and $0.48 resistance levels.
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