📊🚀 Dogecoin Price Analysis: Will DOGE Hit $0.155 This Uptober?
📉 DOGE Price to Retest Support?
Dogecoin has seen a slight decline recently, dropping 4% in the past 24 hours with trading volumes over $775.71 million. Despite this, it has still risen 11.81% over the last month, trading in a rising channel pattern since September.
With a market cap of $15.692 billion, DOGE remains strong, currently holding 8th position in the market. While volatility is high, Dogecoin seems set to retest its trendline.
📊 Technical Sentiments
• The Simple Moving Average (SMA) is nearing a bullish convergence, suggesting a potential upward move this week.
• However, the MACD indicator shows a mixed-price sentiment with a red histogram.
🛣️ Future Outlook for DOGE
As we look toward 2024, if bullish momentum returns, DOGE could test the $0.127 resistance. With strong enough upward pressure, it might push further to $0.155. But if the bears dominate, we could see DOGE retesting support levels around $0.101 or even dropping toward $0.078.
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