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Lucien Renard
Lucien Renard

Is Dogecoin Getting Ready to Rise? Current Dogecoin Analysis!

Analysis
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  • Dogecoin price experienced a drop of more than 3% today.
  • What will be the future of Dogecoin?
  • Is Dogecoin price ready for a rise?
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What are the important price levels that Dogecoin investors should follow? Can Dogecoin reach the $0.10 levels again? Current Dogecoin Price Analysis!

Medium-Term Dogecoin Price Analysis!

Daily Dogecoin Price Chart Source: TradingView

Daily Dogecoin Price Chart Source: TradingView

When we examine the Dogecoin price chart on a daily time frame, it is moving in a critical support area.

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If Dogecoin price continues to close daily candles above the $0.06687 level, it can rise to the $0.095 levels mentioned in the analysis.

For Dogecoin to start the uptrend, it needs to stay above the $0.06687 level. Dogecoin investors need to see daily candle closes above the $0.074 level in the short term.

When Dogecoin starts making daily candle closes above the $0.074 level, it shows its willingness to start the uptrend to its investors.

If Bitcoin continues its sudden sharp drops, a drop to the $0.06687 level may be seen in the Dogecoin price.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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