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🚨Dogecoin Maintains Key Support Level at 0.1632 USDT🚨
Dogecoin has recently gained upward momentum, rising 5.38% after recovering from a key support level. Currently, the asset is priced at 0.1632 USDT, with analysts predicting a potential move. Crypto analyst Ali Martinez identified a critical price channel where $DOGE is holding strong support. If this level holds, the price could rise towards higher resistance levels.
On the technical side, the Relative Strength Index (RSI) is showing a positive crossover. Similar patterns in previous instances led to price increases of 88% and 187%. If the trend repeats, Dogecoin could see another strong increase. The network is also experiencing rapid expansion, with new wallet addresses doubling in the last month, skyrocketing from 16,400 to 34,600. This increase in adoption could contribute to sustained market interest in the asset.
Additionally, open interest in futures for $DOGE has increased by more than 4%, reaching 1.40 billion USDT. This suggests growing engagement from buyers in the market. Meanwhile, discussions about a Dogecoin exchange-traded fund (ETF) continue, which could further boost market activity.