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 Dogecoin ($DOGE) is showing positive signs, forming a five-wave contracting diagonal pattern. After the recent pullback, technical indicators suggest Dogecoin may be poised for a strong rebound. Analysts note that Dogecoin price could rise sharply in the near term, especially if support holds firm above $0.24. Technical analysis of Dogecoin’s recent trendDOGE price action formed 5 wave diagonal pattern . Technical analysts believe that after completing wave 5, the price entered the ABC correction phase. If this pullback persists, a strong rise in the next third wave is possible. This could cause Dogecoin to surge higher in the coming days. The price of Dogecoin has recently shown resilience above $0.24. This support level, especially near the baseline, signals strength for the cryptocurrency.  The price has yet to show any bearish signals, which means Dogecoin is still in an uptrend. This reinforces the view that it may continue to rise. At press time, Dogecoin was trading at $0.28, with a 24-hour trading volume of $5.79 billion. Dogecoin has gained 5.30% in the past 24 hours. With the launch of ETF, institutional interest in Dogecoin is growingHowever, the recent launch of the first Dogecoin ETF, REX-Osprey Dogecoin ETF ($DOJE), is stimulating growing enthusiasm in the market. As a regulated Dogecoin ETF, it brings mainstream legitimacy to the cryptocurrency, attracting interest from numerous institutional investors. The move is seen as a potential game-changer for DOGE, providing a way to increase capital inflows and further increase prices.  The launch of this ETF may catalyze the next stage of growth of Dogecoin. Analysts are optimistic about its price upside potential, with price targets as high as $1.40. This could trigger an influx of new capital into Dogecoin, much like we saw with Bitcoin and Ethereum. DOGE Support Levels and Future Price TargetsThe recent price trend of Dogecoin shows that $0.24770 There is strong support everywhere, especially at the baseline level. This suggests that Dogecoin is ready for further gains. The overall trend for DOGE remains bullish, with key technical indicators supporting the uptrend. Traders have set price targets on DOGE at around $1, driven by increased investment from institutional investors. With the launch of the Dogecoin ETF and growing market interest, its price is expected to rise significantly. Market participants are keeping a close eye on Dogecoin’s movements, preparing for the next round of strong gains. Buying the bottom after a big drop is often a 10,000-fold opportunity for the next bull market. When we enter the currency circle, we must seize the trend. We are not here to earn wages, but to make a fortune. Now the trend is in front of us. If you don’t seize it, if you miss this wave, you may have to wait another 2 years! Brothers, gather here quickly! Group content: 1. Seizing the opportunity to build a warehouse in the future can allow many people to cross class again in the bull market! 2. Copycat spot opportunities, real-time sharing of bands and long-term strategies! 3. Now that the market is active again, it definitely needs new star sectors and currencies to detonate a new bull market. If you catch one, you will make a lot of money, and if you catch a few, you will make a lot of money! Reply "Join group" in the background to join the community. Scan the QR code to join the community! VX：AVAE660  Penguin (QQ): 3765317191  |
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