IF YOU MISS THIS DOGECOIN BREAKOUT, DON'T BLAME THE MARKET!
Dogecoin's recent price action has been under scrutiny, but analysts believe it's preparing for its next big move. Here's what's happening :
Current Price Status
- Dogecoin's current price is around $0.1642, with a 5.7% increase in the past 24 hours.
- The coin has seen a notable decline in trading volume, from $5.1 billion to below $3 billion on average.
Resistance Levels
- The first resistance level is at $0.175, followed by $0.186 and $0.198, which are historically significant zones.
- If Dogecoin crosses above $0.20, it could accelerate towards $0.24, following the April-style breakout pattern.
Potential Buy Zone
- Analysts suggest waiting for Dogecoin to approach the $0.13 range, where support is forming, before buying.
- A potential rally from this buy zone could see Dogecoin's price almost double, reaching $0.25 by the third quarter of the year.
Market Sentiment
- Dogecoin's price has been volatile due to geopolitical tensions and market conditions.
- A recent whale activity saw 155 million DOGE sold, worth approximately $24.6 million, which might impact the market .#NextFedChairCandidate #BinanceAlphaAlert #DOGE $DOGE