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Dogecoin's recent price has been fluctuating around $0.23, with a market capitalization of approximately $34.7 billion. Although it dropped to a low of $0.2227, it quickly rebounded to around $0.24, and market trading remains very active, with both buyers and sellers actively participating.
From a technical perspective, Dogecoin is forming several important signals: for example, a golden cross (where the short-term moving average surpasses the long-term moving average), as well as a double bottom pattern around $0.15, both of which are good signs supporting potential upward movement.
Using Elliott Wave Theory for analysis, Dogecoin recently fell from $0.25 to $0.22, which is likely a second wave adjustment. If the third wave starts next, the initial target price is around $0.376, with the potential to challenge the $0.45-$0.50 range.
In addition, there are rumors in the market about a Dogecoin ETF; if true, institutional buyers may flock in, further driving up the price. Overall, Dogecoin still has many bullish opportunities in the short term, so everyone should pay more attention!
From a technical perspective, Dogecoin is forming several important signals: for example, a golden cross (where the short-term moving average surpasses the long-term moving average), as well as a double bottom pattern around $0.15, both of which are good signs supporting potential upward movement.
Using Elliott Wave Theory for analysis, Dogecoin recently fell from $0.25 to $0.22, which is likely a second wave adjustment. If the third wave starts next, the initial target price is around $0.376, with the potential to challenge the $0.45-$0.50 range.
In addition, there are rumors in the market about a Dogecoin ETF; if true, institutional buyers may flock in, further driving up the price. Overall, Dogecoin still has many bullish opportunities in the short term, so everyone should pay more attention!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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