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Technical Levels Suggest That DOGE Will Enter Into a Mini Rally

Published 01/22/2023, 05:02 AM
Updated 01/22/2023, 05:30 AM
© Reuters Technical Levels Suggest That DOGE Will Enter Into a Mini Rally

  • DOGE’s price has recovered above the selling climax at $0.0705.

  • The meme token’s price has dropped 1.59% over the last 24 hours.

  • Investors and traders should prepare for a retest of the support level at $0.0813.

The price of Dogecoin (DOGE) is showing a clear sign that it will bounce off of a stable support level. With a small reset of DOGE’s bullish momentum, DOGE could enter into a quick rally.

DOGE’s price recovered above the selling climax at $0.0705 and rallied 32%. During this upward move, DOGE’s price flipped the $0.0813 hurdle into a support level. Investors may need to brace for a range tightening or a retest of the immediate support level at $0.0813 should the meme token’s price trade around the $0.0856 level.

CoinMarketCap shows that DOGE’s price stands at $0.08564 after it dropped 1.59% over the last 24 hours. Despite this, DOGE’s price is still up 2.02% over the last 7 days.

The post Technical Levels Suggest That DOGE Will Enter Into a Mini Rally appeared first on Coin Edition.

See original on CoinEdition

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