Dear Family;
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- Dogecoin is currently in a bearish market structure in the short term.
- To shift towards neutrality or bullishness, Dogecoin needs to surpass the $0.165 level.
- Elon Musk's recent tweet had minimal and short-lived impact on Dogecoin's price.
- Dogecoin has shown relative strength compared to Bitcoin over the last 24 hours, indicating bullishness.
- While Dogecoin's momentum is increasing, it's not yet strong enough for a significant uptrend.
- Dogecoin's performance is heavily influenced by Bitcoin, with a correlation of 97%.
- A potential rally back up to $0.185 for Dogecoin could occur if Bitcoin breaks above $65,000 and global unrest subsides.
- Without notable momentum or a bullish breakout in Bitcoin, Dogecoin is likely to continue declining towards $0.132.
- Despite bearish indicators, Dogecoin is expected to consolidate rather than crash below $0.132.
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