Dogecoin is about to hit a new high – Top traders set a $2 target 🔥🔥🔥

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Dogecoin tests demand above $0.40:

After consolidating below the annual high of $0.484 for several days, Dogecoin is now testing demand above $0.40.

Traders are nervous, but market sentiment is optimistic, expecting another breakout. Top analyst Hardy believes Dogecoin will rise significantly, and the current consolidation is a bullish signal; if it stays above $0.40, it could rebound sharply in the coming weeks.

Dogecoin consolidation and outlook:

Dogecoin is consolidating below $0.484, investor sentiment is optimistic, viewing this as a stepping stone to higher prices.

Dogecoin is building a solid foundation and is expected to surpass the annual high and set a new historical high.

$0.40 and $0.36 are key support levels, predicting that Dogecoin will resume its upward trend after consolidating at current levels for several weeks, with an optimistic target of $2.

DOGE price trend and key levels:

Dogecoin is trading at $0.40, down 24% from local highs, but has exceeded key demand levels, showing bullish resilience.

The market is closely watching the $0.40 area; if it reclaims the $0.43 level, it may retest the annual high of $0.484. Breaking through this resistance will reignite bullish momentum and attract new interest.

Falling below $0.40 may indicate dominant bearish sentiment, facing deeper corrections, with the next key support level around $0.36.

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