Dogecoin (DOGE) Price: Trading Below $0.1750 Level With Key Resistance at $0.1780 🐶
Dogecoin's price has dipped below the $0.1750 mark after experiencing an upward movement in April. A notable crypto analyst, Astronomer, believes that Dogecoin may have reached its bottom, akin to the situation in October 2024, just before it witnessed a 500% rally.
Currently, there's a strong resistance near the $0.1740 level. A bullish divergence pattern has emerged, indicating a potential for reversal. Additionally, significant whale activity has been detected, with a cumulative addition of 100 million DOGE, roughly valued at $17.5 million.
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