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Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play

Published 03/10/2023, 06:47 AM
Updated 03/10/2023, 08:20 AM
© Reuters

Dogecoin (DOGE) pared some losses versus Bitcoin (BTC) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October 2022. Can DOGE price see an extended rebound ahead?

On the daily chart, the DOGE/BTC pair reached 331 sats, up 4.75% compared to the previous day's low of 316 sats. The bounce occurred around a multi-month descending trendline, which has capped the pair's downside moves since November 2022.

DOGE/BTC daily price chart. Source: TradingView
DOGE/BTC daily price chart featuring falling wedge breakout. Source: TradingView
DOGE/USD weekly price chart. Source: TradingView

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