Will Dogecoin Be Able to Break Its Months-Long Silence? DOGE, Is It Close to an Explosive Move?

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The most popular joke about crypto currency Dogecoin, has been decoupling between $0.32 and $0.17 for about 4 months now. Although this price movement does not meet investors’ expectations, it may be a Shiba Inu-like accumulation phase. Is the Dogecoin price on the verge of explosive moves?

Dogecoin Reviews

Dogecoin its price has been below $0.45, which is a 50% fibo level, for about 6 months. For the DOGE, this consolidated move may mean that you can be ready for buyers to push up the meme coin. Since the month of October Dogecoin its price shows an upward trend.

For the continuation of the ascent THE DOGE‘s need to cross two critical barriers, $0.31 and $0.36. Turning these levels into a support area will confirm a market where bulls are back on the scene. Such a move would move the Dogecoin price to $0.45, which is a 50% fibo retracement level. This means a gain of about 70% from the current position.

However, investors THE DOGEhe expects that $ 0.45 will be used as a ramp. the momentum gained at $0.45 could push the Dogecoin price into the $0.75 area.

On the other hand, regardless of the short-term bullish outlook Dogecoin it will face weak buying pressure if its price fails to break $0.31. In this case, drops can be seen that hang to $ 0.19. If the Dogecoin price produces a lower bottom below this basis, the bullish thesis will be invalidated.

Dogecoin and Shiba Inu

Who catches his opponent on popularity Shiba Inu, working to make it sustainable. SHIB even surpassed Bitcoin as the most searched keyword. We will all see together if Shiba Inu, who has taken over the flag for the time being, can become the leader of all crypto currencies in the coming period.

Dogecoin has suffered a huge loss in popularity with the release of many duplicate projects. Who won the support of such giant names as Elon Musk, Mark Cuban THE DOGE, which remained silent for several months.

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