🚨 Dogecoin’s Movement After Recent Drop Sparks Curiosity 🚨
Dogecoin, the leading memecoin in the cryptocurrency market, has experienced a sharp decline of 22% this week, pushing it nearly 70% below its all-time high of 0.73. Despite this setback, the community and analysts are expressing cautious optimism about Dogecoin’s future price performance, raising the question: could DOGE be on the verge of a major uptrend?
Analysts are pointing to the rising trendline support on Dogecoin’s weekly chart as a potential indicator of an upcoming price rally. Historical patterns also suggest that Dogecoin has previously experienced significant growth between September and November, with gains ranging from 300% to 500%. According to these models, the memecoin is currently holding above its critical support level of 0.14, which could serve as a strong foundation for recovery.
Looking forward, analysts at Bitcoins
