Can Dogecoin make a comeback? Let's take a look at the price trend
The price of Dogecoin has dropped sharply, just like Bitcoin and Ethereum, sliding down from a high of below $0.355, failing to hold the $0.335 and $0.32 levels, and hitting a low of $0.2613.
However, recently, Dogecoin has started to rebound, returning to above $0.3 and breaking through the $0.312 barrier, standing above the 100-hour moving average.
If Dogecoin continues to rise, $0.34 may be a small obstacle, followed by a possible touch on $0.352, which is calculated based on the Fibonacci 61.8% retracement from previous price trends. Further up, $0.375, $0.388, or even $0.4 and $0.412, Dogecoin might push through.
However, if Dogecoin cannot break past the $0.335 hurdle, it may have to drop back again. The support levels of $0.3 and $0.285 might need to be tested. If it cannot hold the support level of $0.262, Dogecoin may continue to fall, possibly down to $0.25 or $0.232.
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