Dogecoin Rebounds To $0.10, But 'Breaking $0.143 Will Be Key To Creating A New Bullish Structure'
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) has rebounded to $0.10, showing a 15% increase from its recent bottom. Analysts are optimistic about further gains if DOGE breaks the $0.10 mark, with a key resistance level at $0.143. Despite market downturns, DOGE has shown resilience by closing above the 200-day SMA. However, challenges remain, and a confirmed bullish trend is yet to be seen.
August 07, 2024 | 12:12 pm
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Dogecoin has rebounded to $0.10, showing a 15% increase from its recent bottom. Analysts are optimistic about further gains if DOGE breaks the $0.10 mark, with a key resistance level at $0.143. Despite market downturns, DOGE has shown resilience by closing above the 200-day SMA. However, challenges remain, and a confirmed bullish trend is yet to be seen.
Dogecoin's recent price action and technical indicators suggest potential for further gains. Breaking the $0.10 mark is seen as a positive signal, and closing above the 200-day SMA indicates resilience. However, the key resistance level at $0.143 must be breached for a confirmed bullish trend.
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