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Analyst Says Dogecoin Price Has Formed ‘Perfect Market Structure,’ Here’s What Comes Next

  • Analyst Viaquant believes that Dogecoin (DOGE) has formed a 'perfect market structure' and is poised to enter a parabolic phase.
  • Viaquant notes that DOGE has retested the old resistance level of $0.18, which is likely to become a support level.
  • A level of massive support is being built between $0.138 and $0.15, and a break above $0.20 could lead to a push to the Fibonacci level at $0.23.
  • Crypto analyst Master Kenobi believes that DOGE is strategically positioned, citing potential impacts from Elon Musk's D.O.G.E proposal and integration of DOGE payments into the X platform.

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