The launch of the SpaceX mission 'Doge-1' to the Moon, funded by Dogecoin, moves a step closer to reality.
DOGE experiences a significant surge, surpassing the $0.0750 mark against the USD.
The current recovery could persist as long as the recently established support trendline remains unbroken.
According to Coingabbar Price Analysis, For close to two years, the price of DOGE has followed a horizontal trend shaped by a symmetrical triangle.
In the midst of this consolidation, Dogecoin has exhibited conformity to a triangle pattern and a newly formed ascending support trendline, potentially impacting the upcoming trend.
The DOGE Coin price is situated above crucial EMAs (20, 50, 100, and 200), signifying the existence of a short-term recovery.
As a result, the ascending price is anticipated to increase by approximately 5.50% before facing resistance at the upper trendline of a well-established triangle pattern, near the $0.086 threshold.
Despite the general upward trajectory, DOGE encounters heightened volatility, resulting in multiple retracement phases.
KEY LEVELS :
RESISTANCE LEVEL : $0.08400-$0.08800
SUPPORT LEVEL : $0.07900-$0.07600
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
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