CandleFocus Is Dogecoin (DOGE) Poised for a Breakout as Uptober Nears?
2024-09-26
Author: Content Editor
The meme coin market, including Dogecoin (DOGE), is recovering from recent lows. DOGE has experienced a bullish trend, gaining over 4.48% in the last 24 hours and trading at $0.1137. It has surpassed the $0.111 resistance level and could potentially reach a target of $0.150. DOGE's adoption and Elon Musk's influence are contributing to its sustained price growth. Over the past month, DOGE has gained 8.50%, and on the weekly chart, it has spiked by 9.21%. Technical indicators suggest that DOGE has surpassed the bearish trend, with moving averages below the current price and a daily RSI of 69.27. If the price breaks past $0.1140, it may signal a bull cycle, with a major resistance at $0.1171. A rebound from this level will support recovery, but losing it could drive the price to the $0.1134 support zone.
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