Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools Off 🐶
Dogecoin experienced a fresh increase, surpassing the $0.2320 mark against the US Dollar, driven by renewed trader interest. However, the price is now correcting its gains, dropping closer to $0.2180. Despite an upward trend supported by a bullish line at $0.220, resistance levels at $0.2380 are proving challenging.
The coin's rally mirrors the movement of Bitcoin and Ethereum but struggles to sustain momentum amid bearish forces around $0.2380. Technical indicators suggest that breaking this resistance could push Dogecoin toward $0.250 or higher. Conversely, a failure to overcome $0.2320 might lead to further declines.
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