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Amidst recent fluctuations in the Dogecoin price and its market crash, a crypto analyst has shared a bullish forecast for this number one meme coin, identifying key support and resistance areas that could dictate its future price trajectory. The analyst has identified a “rock solid” support zone for Dogecoin, signaling a potential rally to new highs once this key level is broken.
Dogecoin Price Prepares For Lift Off Above 0.28 Support
X (formerly Twitter) crypto analyst Balo has presented a detailed price chart depicting an analysis of Dogecoin using Fibonacci retracement levels. The analyst recognized the $0.2814 price level at the 0.786 Fibonacci retracement zone as a “rock solid” support area that could serve as a potential launchpad for Dogecoin’s next rally.
Although Dogecoin experienced a price crash and briefly tested the $0.2626 level, Balo…more
Source bitcoinist.com
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