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Bullish
Dogecoin Set to Moon ๐ โ Signs Point to Major Rally Ahead
Dogecoin (DOGE), the biggest cryptocurrency memecoin, fell 22% this week. DOGE is approximately 70% below its all-time high of $0.73, according to CoinMarketcap . Despite these difficulties, experts are bullish about Dogecoin's pricing.
Dogecoin Set For Major Rally
Dogecoin is about to make a huge upward move, citing its weekly chart's rising trendline support.
Their data shows that Dogecoin is repeating prior rallies that witnessed 300% and 500% price rises between September and November last year.
This means that DOGE is well-positioned to restart its upward trend even with recent dips below $0.20. They found a significant support level around $0.14, which might trigger a fast comeback.
Bullish investors may see Dogecoin surge 800% to $1.30, according to Bitcoinsensus. The economy, especially unemployment claims and GDP figures, supports this.
Recovery Path, Key Support and Resistance Levels
Jobless claims fell below forecasts to 218,000 for the week ending September 20, suggesting a strong labor market, according to The Motley Fool.
The US Commerce Department raised its second-quarter GDP estimate to 3.8% due to strong consumer spending, the greatest quarterly increase in over two years.
Economic data may boost cryptocurrency values since investors typically switch from the Nasdaq and S&P 500 to riskier assets like Dogecoin. This movement might start a new cryptocurrency season if liquidity increases.
For a prolonged recovery, Dogecoin must clear crucial resistance levels. Three rejections at $0.24, $0.27, and $0.28 have plagued memecoin. A breakthrough in these areas might lead to $0.30.
If DOGE retraces, $0.14 provides psychological support, followed by $0.21, $0.19, and $0.16, which have traditionally been rebound milestones.
#DOGE #TrumpNewTariffs #DogecoinETFProgress #Write2Earn
Dogecoin (DOGE), the biggest cryptocurrency memecoin, fell 22% this week. DOGE is approximately 70% below its all-time high of $0.73, according to CoinMarketcap . Despite these difficulties, experts are bullish about Dogecoin's pricing.
Dogecoin Set For Major Rally
Dogecoin is about to make a huge upward move, citing its weekly chart's rising trendline support.
Their data shows that Dogecoin is repeating prior rallies that witnessed 300% and 500% price rises between September and November last year.
This means that DOGE is well-positioned to restart its upward trend even with recent dips below $0.20. They found a significant support level around $0.14, which might trigger a fast comeback.
Bullish investors may see Dogecoin surge 800% to $1.30, according to Bitcoinsensus. The economy, especially unemployment claims and GDP figures, supports this.
Recovery Path, Key Support and Resistance Levels
Jobless claims fell below forecasts to 218,000 for the week ending September 20, suggesting a strong labor market, according to The Motley Fool.
The US Commerce Department raised its second-quarter GDP estimate to 3.8% due to strong consumer spending, the greatest quarterly increase in over two years.
Economic data may boost cryptocurrency values since investors typically switch from the Nasdaq and S&P 500 to riskier assets like Dogecoin. This movement might start a new cryptocurrency season if liquidity increases.
For a prolonged recovery, Dogecoin must clear crucial resistance levels. Three rejections at $0.24, $0.27, and $0.28 have plagued memecoin. A breakthrough in these areas might lead to $0.30.
If DOGE retraces, $0.14 provides psychological support, followed by $0.21, $0.19, and $0.16, which have traditionally been rebound milestones.
#DOGE #TrumpNewTariffs #DogecoinETFProgress #Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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