Dogecoin (DOGE) is approaching a key technical test, with crypto analyst Rekt Capital saying on Saturday the meme coin’s next major move may depend on whether it can establish a higher low near current support.
In an altcoin newsletter, Rekt Capital explained that DOGE has spent recent months trading within a defined range, moving between a lower support zone and an upper resistance area. After rallying from the lower end of the range to resistance, the analyst said DOGE has now returned to test support, making the formation of a higher low the key factor to watch.
According to Rekt Capital, failure to hold the current zone could push Dogecoin into a lower trading range between support levels that historically served as a bottoming area during 2022 and 2023. The analyst also pointed to…
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