Dogecoin has been struggling to achieve a decisive move over the past few weeks, despite a surge in investor interest. However, if the price breaches this key barrier, almost $2.5 billion worth of Dogecoin could be saved from losses. The resistance level of $0.0826 needs to be flipped into a support, but investors need to become active in order for this to happen. If the move is not successful, the meme coin could fall and test the critical support at $0.0618. This could invalidate the bullish thesis and potentially take it down to the September 2022 lows of $0.0570. But if the 12.6% rally is achieved, it could put the spotlight back on Dogecoin and give investors the profits they hope for.
Madilyn Robinson
- 2023-03-31
Dogecoin: Will It Break the Resistance Level?
Dogecoin has been struggling to achieve a decisive move over the past few weeks, despite a surge in investor interest. This article looks at the key resistance level of $0.0826 and examines the implications of a breakout for the coin.
