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TronWeekly

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Dogecoin Price Analysis: Is This the Best Time to Accumulate Before the Pump?

  • Dogecoin is trading at $0.1654, up 4% over the week, with analysts pointing out a bullish ascending channel and ideal buy levels.
  • Market analysts suggest that accumulating near the edge of the lower channel in Dogecoin has historically yielded significant returns as prices moved towards the higher trendline.
  • Trader Tardigrade notes that Dogecoin has touched the lower boundary of an ascending channel for the third time, indicating a low-risk entry point and potential breakout rallies.
  • Dogecoin's price action suggests a multi-year bullish channel pattern, with price bouncing off the bottom line before reaching higher highs, indicating a positive market trend.

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