Dogecoin (DOGE) was one of the tokens significantly affected by the recent crypto market crash. With the crypto market recovering, the meme coin is showing signs of life and is looking to reclaim the psychological support level of $0.1, having bounced off key support.
.1 In Sight" >
Dogecoin (CRYPTO: DOGE) bounced off a key support level as the crypto market showed signs of recovering from the recent crash.
What Happened: Crypto analyst World of Charts noted in an X (NYSE:SQ) post that Dogecoin is bouncing from the key support at $0.09. In line with this, the analyst revealed that he will be adding to his position for the long term as this recent crash can give “massive returns” in the coming months.
Dogecoin showed impressive strength to close the 3 day candle above the 3 day 200 SMA.
If it breaks out above $0.143, a new bull structure will be created.
I'm personally long & not surprised by this strength at all.
Massive returns in the coming months from here still.
Collectively, crypto analysts remained divided on the future price movement of Dogecoin, with some anticipating a further price decline before a recovery.
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