CandleFocus 31 Billion DOGE: What Could Happen to Dogecoin's Price?
2024-09-17
Author: Content Editor
The price of Dogecoin (DOGE) has been relatively stable in recent months, consolidating between support and resistance levels. Crypto analyst Ali Martinez highlights a key resistance level at $0.11, where a large number of addresses are holding nearly 31 billion DOGE. If the price breaks above this level, the next resistance levels could be around $0.138 and $0.143. On the other hand, if DOGE declines, $0.08 is seen as a strong support level. Market sentiment and broader economic conditions will play a crucial role in determining DOGE's next move. The Federal Reserve's upcoming monetary policy meeting, where an interest rate cut is expected, is also impacting the overall cryptocurrency market, with DOGE down 0.76% in the last 24 hours.
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