Dogecoin price holds above an ascending trendline despite growing overhead pressure. Bitcoin halving and DOGE Day could set the tone for altcoins to rally. A rising wedge pattern has it out for Dogecoin price, but bullish narratives could see fortunes change for DOGE holders. Dogecoin price is trading with a bullish bias, all things considered, consolidating along an ascending trendline despite the toned-down upside momentum seen across the market.
-day chart If the $0.2000 blockade fails to break, however, Dogecoin price could face a rejection that could go as low as below the support offered by the ascending trendline. In a dire case, the DOGE price could slip below the 200-day SMA at $0.1278 to test the bottom of the market range at $0.1000 psychological level.
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Is Dogecoin copying the 2020 fractal that sent DOGE price soaring 15,800%?DOGE's bullish fractal gains support from key fundamentals: expectations of interest rate cuts, the upcoming Bitcoin halving, and, notably, Elon Musk's influence.
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