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to enter skirt communication for free without any threshold! V: KP92877 Q: 3908306664 After experiencing activity in the first half of September, Dogecoin (DOGE) has started to cool off over the past two weeks. Judging from the data, DOGE has fallen by approximately 25% since reaching a high near $0.30 in February on September 13. This pullback has brought prices back to a critical confluence of support that has triggered multiple rallies this cycle.  Does DOGE have the strength to stage a double-digit rally, or is it headed for a deeper correction? Holding this level could unlock gains of around 30% for DOGE. From a long-term perspective, DOGE has been on an overall upward trend since June, rising by approximately 60% in the past three months. Prices have been following an uptrend line (dashed white line), which has been the springboard for multiple gains since April. Historically, the largest gains on rebounds from trendline support have been around 30-40%. At the time of writing, DOGE price is approaching the trend line near $0.22, and more importantly, there are multiple support levels converging near here. For example, in the $0.20-$0.22 range, there is an important horizontal support, as well as the 200-day exponential moving average (EMA). EMA pays more attention to recent prices and can reflect the current trend of the market. In other words, if the price holds above the 200-day EMA, the overall uptrend remains intact. Overall, if buyers can hold on to $0.22 and push the price back up, a rebound for DOGE to the $0.27-$0.29 range is very possible, implying roughly 30% upside potential. However, if it falls below the $0.20-$0.22 range, it is likely to drop to $0.18 in the short term. Dogecoin (DOGE) price RSI shows bullish divergence near key support levels. The RSI (relative strength index), a common indicator of market momentum, was at 43 at press time. A reading below 50 indicates that bulls are losing momentum, while a reading close to 30 indicates that it has entered oversold territory. What is interesting now is that Dogecoin price has seen a bullish divergence: the price has been falling, but the RSI is no longer making new lows, but is slowly moving upwards. For newbies, this means that although price is weak, momentum is building, an early sign of waning seller momentum. While this is not a 100% guarantee of a bounce, when there is such a divergence at key support levels (such as the $0.22 area and the 200-day EMA), there is a greater chance of a tradeable bounce. Dogecoin (DOGE) Price Next Key Levels Based on the actual price distribution, $0.2 is the most important support level for DOGE. This level shows the last active position of the coin on the chain, and also implies that a large number of coin holders may enter and buy here.  Early analysis also shows that DOGE is actively trading around $0.20, further highlighting the importance of this area. When price returns to this high-interest area, two things usually happen: 1. Strong buyers will hold on – they won’t panic sell easily below the entry price. If many buyers take over near $0.20, the price will be less likely to fall. 2. Demand will reappear - new participants will often enter where previously active buyers were, pushing the price up. So, the price of DOGE is now at a critical juncture. If it holds the support of $0.20-0.22, it is expected to rebound by about 30%. However, if it falls below this range, a deeper correction may occur in the short term. If you always chase the rise and kill the fall and miss the market, if you are always losing money, if you are always confused in this circle and have no direction, if you want to completely change your investment situation, the stars welcome you! V：KP92877 Q：3908306664  |
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