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Dogecoin at a Pivotal Point: Will the Rally Hold or Fade?

  • After a prolonged period of sideways movement, Dogecoin (DOGE) has shown signs of life with a recent strong upward move.
  • Analyst Altcoin Sherpa highlights that DOGE spent around two months in a consolidation phase before the recent rally, sparking speculation on a potential trend reversal.
  • The key question now is whether Dogecoin can establish a higher low, with a support level suggesting a potential price target around $0.30, but failure could lead to a drop back to $0.15–$0.16.
  • The upcoming weeks will be critical in determining if the current rally in DOGE will sustain for a broader trend or if it will return to its usual pattern of volatility and decline.

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