Dogecoin has entered a phase of consolidation after making highs above $0.25 earlier this week. The popular meme cryptocurrency is currently trading at approximately $0.22, indicating a 10% decline over the past 24 hours but still reflecting a 34% gain over the past week.
This recent price action has sparked discussion among crypto analysts, who suggest that DOGE may be setting up for another leg higher despite the current pullback.
Technical Patterns Suggest Higher Targets
According to crypto analyst Rekt Capital, Dogecoin recently achieved an important milestone by recording a weekly close above its pre-halving highs. This technical development is considered bullish as the cryptocurrency is now “on the cusp of reclaiming its old resistance as new support,” a pattern already showing on daily timeframes.
$DOGE
Dogecoin has successfully Weekly Closed above the Pre-Halving highs (green)
Now on the cusp of reclaiming that old resistance as new support
DOGE has already shown initial signs of this on the Daily
Hold green and at least $0.27 would be next#DOGE #Crypto #Dogecoin https://t.coسبة
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
