If Dogecoin price continues on its path, DOGE could kickstart 110% rally

FXstreet
FXstreet

18 Nov 2023 8:35 AM

Dogecoin (DOGE) price has shown incredible bullish momentum that has allowed it to clear a declining weekly trend line that has served as a hurdle for the past year. ...

  • Dogecoin price has broken a declining weekly trend line, indicating a bullish resurgence.
  • Clearing the weekly MRI resistance level at $0.0814 could lead to a 100% move for DOGE.
  • A breakdown of the $0.0574 support level would invalidate the bullish thesis.

The article expresses a positive sentiment towards Dogecoin, highlighting its recent bullish momentum and potential for a significant upswing. However, it also mentions the possibility of a bearish scenario if certain support levels are breached.

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You May Ask

What recent development is bullish for DOGE holders?What is the potential upswing for DOGE if it clears the $0.0814 hurdle?What could happen if Dogecoin price produces a weekly candlestick close below the $0.0707 support level?What support level would invalidate the bullish thesis for DOGE?

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