$DOGE has experienced a strong price pump, especially during the US session, making it one of the top 5 most traded cryptocurrencies. I see Dogecoin forming a bullish market structure with solid support around $0.08-$0.09 and resistance between $0.106-$0.108. In the short term, I'm bullish on Dogecoin, driven by its momentum and key indicators like the EMAs. However, the real upside lies if Dogecoin can break above the $0.115-$0.12 mark, a strong resistance level. Whether it can do so largely depends on Bitcoin crossing $62,500. I'm cautious about buying Dogecoin right now due to possible market volatility and other external factors. I’ll keep you updated with my thoughts on Dogecoin and its breakout potential.
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DOGE
0,10304
-0.33%
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