On the 15-minute chart, $DOGE is displaying a strong upward momentum, currently trading at $0.42817, up 7.03% in the last 24 hours.
Dogecoin (DOGE) price encountered resistance at the $0.4375 level on the 15-minute chart. Following a period of strong upward momentum, the coin experienced a slight retracement after reaching this resistance zone.
DOGE is currently trading at $0.42817, up 7.03% over the past 24 hours. The coin encountered strong buying pressure at the $0.4095 level, which acted as a key support zone during the recent sell-off.
From a trading perspective, a breakout above the $0.4375 resistance level could lead to further buying pressure, potentially pushing DOGE towards the next resistance levels at $0.4420 and $0.4500.
On the other hand, if the coin fails to hold the $0.4095 support level, it may indicate a bearish reversal, with potential targets at $0.4000 and $0.3920.
Overall, traders should monitor the volume closely as DOGE tests these critical levels. A breakout above resistance with high volume could confirm bullish continuation, while failure to hold support may lead to bearish sentiment. Tight stop losses are recommended to manage risks in this volatile market.
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