CandleFocus Dogecoin Profit Zone: $10-$30 Could Be the Sweet Spot This Cycle
2024-12-03
Author: Content Editor
According to analysts, Dogecoin (DOGE) could potentially reach a profit zone between $10 and $30 in the current cycle. This target is based on historical patterns and involves doubling the previous all-time high from the bottom and projecting a triangle for future growth. Traders have maintained a bullish stance with long positions at the 92nd percentile, but open interest has dropped, indicating caution among some traders. November saw a significant surge in DOGE prices, reaching a monthly high of $0.480. With strong trading volume and potential support at $0.31, traders are advised to start taking profits as prices approach $10, to secure gains while managing risks.
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