Dogecoin Could Break Yearly Highs ‘Any Moment Now’ – Crypto Analyst

Quick Summary:

Related Reading: Bitcoin Failed Attempt To Break $64,000 Could Lead To A Disaster – Analyst Top analyst Mister Crypto has shared a bullish outlook, stating that Dogecoin could begin its next rally "any time now.” His technical analysis highlights key support levels and suggests that the current price could be a launchpad for significant upside movement.  Despite the recent dip, many traders remain optimistic that DOGE could soon recover and enter a new bullish phase.

Dogecoin is currently testing a crucial demand level after experiencing a 23% decline from its local highs of $0.13. As the meme coin navigates this turning point, the broader crypto market anticipates a potential rally in the coming weeks, driven by the Federal Reserve’s recent decision to cut interest rates.

On-Chain Metrics Reveal Growing Demand If DOGE fails to hold its current levels, analysts anticipate a deeper correction that could drive the price down to around $0.08, a key support zone.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: DOGE Analysis Dogecoin Accumulation Dogecoin ATH Dogecoin news Dogecoin analysis Dogecoin (DOGE) Dogecoin Bull Run Dogecoin price Dogeusdt Dogecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 21:00:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 532 words

Reading Time: 3 minutes read

Sentences: 63 lines

Sentence Length: 9 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22986287

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