Recently, DOGE has been performing super steadily! It has been consolidating above EMA8, EMA13, and EMA21 for four consecutive weeks, which in the cryptocurrency world means: the price has strong support, and the bulls are in control of the situation.
Looking back at history:
In October 2023, after Dogecoin stabilized above these three moving averages, the price skyrocketed.
In September-October 2024, the same situation occurred again, and Dogecoin experienced another significant rise.
Now, $0.21 has become the new support level for Dogecoin, which is like a launch pad for the price; stabilizing above it means that the signal for an upward movement is clearer.
Trading volume is also gradually increasing, and the bulls are full of momentum, making the possibility of a bullish trend greater!