CandleFocus

Will Dogecoin Rally to $0.39 as Open Interest Spikes to $4B?

Dogecoin (DOGE) has seen a breakout rally, surpassing its psychological resistance at $0.35. With a market cap of $53 billion, Dogecoin holds dominance in the meme coin segment. It remains above its 23.62% Fibonacci support level and has regained bullish momentum, supported by a bullish divergence in the RSI. The chances of positive crossovers have increased after rising above the 200 EMA line and the 38.20% Fibonacci level. Open interest in Dogecoin has also increased, indicating a potential uptrend continuation. As bullish momentum builds, Dogecoin is likely to reach the $0.39159 mark, but a potential retest of the $0.34356 level is also possible.

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