After experiencing a significant drop, Dogecoin is showing signs of recovery and regaining momentum. Technical analyst Kevin suggests that Dogecoin's next move could be towards $1, but its success will depend on Bitcoin's performance and the overall sentiment in the market. The recent drop in Dogecoin's price closely resembles corrections seen in the previous cycle, indicating the potential for a surge in value. Dogecoin's path to $1 is still intact, but it will require breaking multiple resistance levels and aligning with Bitcoin's performance. Currently, Dogecoin is trading at $0.2593 and aims to reclaim the $0.33 resistance level. A break above this level could propel Dogecoin towards $0.4 and $0.5. Bitcoin's successful break above $100,000 is also crucial for Dogecoin's upward trajectory.
Content Editor ( newsbtc.com )
- 2025-02-04
Dogecoin Price Knocks Off Second Major Correction, When Will The Recovery To $1 Resume?
