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Recently, the price of Dogecoin (DOGE) has continued to decline, but there are signs that this decline may be coming to an end. Market watchers have noticed that DOGE is approaching a key support area, which means potential momentum for the next leg of the rally is quietly building. 📈 🔍Price Channel Nears Completion, Only Key Levels Remaining Analyzing DOGE’s 30-minute chart, Elliott Wave Academy noted that Dogecoin is currently experiencing a period of strong selling pressure. Technically, DOGE/USD is about to complete an established price channel pattern, with only one key price level left to break before confirming the next wave of major fluctuations. Specifically, this downtrend is wave 5 of wave 3 of a larger bearish sequence. The early structural support shows that the seller's momentum is still strong, pushing the price to continue downward. Elliott Wave Academy emphasizes that a break above this key price level will clearly confirm the bearish trend and set a clear trajectory for the completion of this decline.  The bottom is currently expected to be around $0.1843646. Once prices hit this level, the next likely step is a major corrective uptrend. In other words, this decline is only part of the structural cycle, and a significant rebound is likely to follow. 🚀 🌊The undercurrent is surging and the market potential is still there Crypto analyst EᴛʜᴇʀNᴀꜱʏᴏᴴᴀL said that the price trend of Dogecoin still follows the structural rhythm of previous market cycles, showing a familiar fluctuation pattern. This means that DOGE is likely to be primed for its next major rally once conditions are right. He pointed out that despite recent fluctuations, momentum is quietly accumulating above key support levels, indicating that buyer power is gradually returning. The technical structure remains solid, which provides a basis for future gains. 📊  ⏳Patience is the key EᴛʜᴇʀNᴀꜱʏᴏᴴᴀL concluded by emphasizing that patience is crucial before Dogecoin enters its next leg up. The market needs time to consolidate current support and gather strength. Once the breakthrough confirms the new upward momentum, Dogecoin is expected to usher in a larger space, and the next wave of market may bring good opportunities. For investors, this is also a critical time to observe the market rhythm and place potential positions.  ⚡summary
In short, the recent decline of Dogecoin is not the end of the world, but it is building momentum for the next round of rise. Investors can pay attention to the completion of key support levels and price channels, make rational arrangements, and wait for confirmation of market momentum. 📈 The opportunity is fleeting, my dear friends, hurry up and gather here! Don't let hesitation hold back your wealth dreams, and don't let the trap of air coins swallow up your principal. Beibei will take you to layout the entire bull market! V: oiiou4 or Q: 3438753445  |
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