Dogecoin Price Could Be In Serious Trouble If The $0.394 Support Fails To Hold

Quick Summary:

The Dogecoin price is now at a decisive junction as it hovers near a support level that could determine its short-term direction.

A recent analysis on TradingView highlights the importance of the $0.394 support, with outcomes pointing toward both bullish and bearish scenarios depending on price movement at this support level.

Notably, $2 has been a recurring price target this cycle, with many analysts projecting a confirmed break above it by 2025.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Crypto Analyst Dogecoin price Doge price Dogeusd Dogeusdt Dogecoin Crypto DOGE news Doge Altcoin News Dogecoin Analyst Dogecoin news Crypto news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 22:00:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 24521772

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