CandleFocus Dogecoin Price Prediction: One Issue May Delay DOGE Rally
2024-09-13
Author: Content Editor
Despite an increase in coin accumulation, Dogecoin's price has remained stagnant and continues to trade within a horizontal channel. The rising Money Flow Index (MFI) suggests a spike in demand for the meme coin, but its sideways movement and falling whale activity indicate weak buying pressure. If Dogecoin fails to break past the resistance level at $0.11, its price may trend towards support at $0.10. A further decline could lead to a plunge to $0.08. However, if demand strengthens, Dogecoin may rally past resistance and target a three-month high of $0.15.
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