Luis Fernando Ávila
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Dogecoin Price Analysis
The price of Dogecoin has formed a rounded bottom pattern on the weekly chart. This reversal pattern indicates that a trend is about to change to bullish. According to this chart, this pattern has been forming since December 2024. If this rounded bottom materializes and the price of DOGE surpasses the neckline resistance, the resulting rebound could exceed $0.23 and generate an 84% increase to $0.44.
The chances of a price rebound for Dogecoin also increase after the crossing of the Money Flow Index (MFI) above the level of 50. This crossover indicates a positive change in the capital inflow to this meme cryptocurrency as buying volume begins to rise. A confirmed crossover above 50 and the formation of higher highs will indicate accumulation that will lead to a bullish breakout.
The chances of a price rebound for Dogecoin also increase after the crossing of the Money Flow Index (MFI) above the level of 50. This crossover indicates a positive change in the capital inflow to this meme cryptocurrency as buying volume begins to rise. A confirmed crossover above 50 and the formation of higher highs will indicate accumulation that will lead to a bullish breakout.
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