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Dogecoin bounces 5% from key support level: Assessing DOGE’s next moves

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Dogecoin surges by 5% after hitting a key support level, highlighting resilience amid market volatility and active whale trading.

Whale activity and social volume coincided with recent volatility.Following a 5% dip in the past 24 hours to the critical support level, Dogecoin witnessed a 5% pullback to its current price. This price action has caught investor attention, and rightfully so.

data priced Dogecoin at $0.1233. Its market cap grew by 4.91% to 17.86 billion in the last 24 hours, while its trading volume has surged by 10.54% to $863 million.On the charts, the stochastic RSI indicated an oversold zone. This was a sign that the level could be a critical longing point, which could form the basis for a price reversal.Whale activity, social volume spike

 

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