Dogecoin price is trading at $0.262 after slipping below the $0.273 support level. Despite this decline, the meme coin leader continues to flash bullish cues, suggesting momentum could still favor recovery. Investors remain focused on whether DOGE can reclaim lost ground and restart its upward trajectory.
The 50-day EMA is diverging upward from the 200-day EMA, a signal of strengthening bullish momentum. This technical pattern often precedes price rebounds. If momentum holds, Dogecoin could reclaim $0.273 as support and push higher toward the $0.287 resistance, attracting stronger investor confidence in the short term.
However, risks remain if DOGE holders decide to offload their positions. Profit-taking could weigh heavily on the token, driving its price lower. In that scenario, Dogecoin could fall toward the $0.241 support level, invalidating the bullish thesis and potentially sparking further downside pressure.
The 50-day EMA is diverging upward from the 200-day EMA, a signal of strengthening bullish momentum. This technical pattern often precedes price rebounds. If momentum holds, Dogecoin could reclaim $0.273 as support and push higher toward the $0.287 resistance, attracting stronger investor confidence in the short term.
However, risks remain if DOGE holders decide to offload their positions. Profit-taking could weigh heavily on the token, driving its price lower. In that scenario, Dogecoin could fall toward the $0.241 support level, invalidating the bullish thesis and potentially sparking further downside pressure.
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פרסומים קשורים
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.