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Dogecoin Price Analysis: Why the Macro Golden Pocket at $0.49 Needs to Be Broken
In a recent update, it has been predicted that if Dogecoin (DOGE) were to reach a price of $0.49, this would undoubtedly mark its highest point in almost four years. Should this occur, it is expected to provide the necessary strength for further upward momentum and give DOGE bulls the confidence to push the price higher.
To understand why the macro golden pocket at $0.49 needs to be broken, let’s take a closer look at some key resistance levels that Dogecoin will need to overcome in order to reach its new all-time high.
As highlighted by crypto analyst Kevin, subsequent resistance lies at $0.53 and then at $0.59, marked by another Fibonacci retracement level at 0.703.
Source: bitcoinist.com
