CandleFocus Is Another Dogecoin Dip Coming? Analyst Breaks Down Key Support and Resistance Levels
2025-02-20
Author: Content Editor
The analyst from the More Crypto Online YouTube channel discussed Dogecoin's recent price action and warned of a potential dip. Dogecoin has been consolidating sideways for the past ten days and failed to break above the key resistance level of $0.34. The analyst suggested that Dogecoin may still be following an ABC structure, with the possibility of a dip below the recent low of $0.238. However, as long as Dogecoin stays above the support level of $0.22, the bullish outlook remains intact. To confirm a reversal and start an upward trend, Dogecoin would need to break above the key signal lines at $0.293 and $0.342. While the broader market has been moving sideways, Dogecoin has held its ground relatively well. Investors are advised to monitor the $0.22 support level and keep an eye on Bitcoin's price.
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