Critical Buy Zones for Dogecoin Before Potential Rise
Dogecoin has bounced back to $0.1722 after an extended downtrend.
Analysts identify key buy zones at $0.13548 and $0.09024.
The long-term upward channel, which dates back to 2014, remains intact.
Dogecoin (DOGE) has shown signs of a short-term recovery, recording gains over the past 24 hours to reach $0.1722, despite significant declines in recent weeks.
Market analysts are closely monitoring the price movements of this digital currency, as many technical indicators suggest that Dogecoin may experience further volatility before a potential rise.
A prominent analyst on TradingView highlighted critical support levels that could determine Dogecoin's near-term trajectory. After recently surpassing the resistance level, the analyst indicated the need to retest the current price area before any significant rise.
Two key buy zones have been identified where Dogecoin may find strong support: a major green zone at $0.13548 and a secondary support zone at $0.09024.
