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Title: Can Dogecoin (DOGE) Price Return Above $0.20? It Might Happen
U.Today has analyzed the current market trends and provided a detailed price prediction for Dogecoin (DOGE). According to our analysis, it seems unlikely that DOGE can break above the crucial resistance level of $0.20 in the short term.
The DOGE/USDT chart shows that the asset has been struggling with a strong bearish momentum, which may continue to push its price down even further. The death cross formation is evident on the 1-day chart, indicating a high possibility of further decline and potentially reaching as low as $0.14 or below.
In the event that DOGE manages to hold above immediate support at $0.14, we can’t rule out the possibility of it attempting to break above the critical resistance level. However, this scenario would require significant changes in market sentiment and buying pressure.
The article also highlights that without a noticeable increase in demand, any short-term rallies will likely fade quickly and fail to generate sustained upward momentum for DOGE.
Source: https://u.today/can-dogecoin-doge-price-return-above-020-it-might-happen
