
Will Dogecoin’s Price Break $0.185? Here’s DOGE’s Next Move
In a recent development, Dogecoin (DOGE) has shown significant resilience in the market, defying expectations and soaring to unprecedented heights. The cryptocurrency has made a crucial rebound, and traders are now wondering whether it will break through the critical resistance level of $0.185.
As we analyze the current situation, it appears that consolidation is imminent before DOGE makes its next major move. The RSI slightly above the 50 midpoint indicates a slight advantage for the bulls. However, failing to hold present levels may result in a decline, potentially returning to the $0.13 support zone.
While a range-bound action could see DOGE swing between $0.21 and $0.13 for some time, a break and close above $0.21 would complete a double-bottom pattern. This could propel DOGE towards $0.28 in the future.
Traders are advised to exercise caution as every investment carries risk. It is essential to conduct thorough research prior to making any decisions. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies, and we do not recommend investing money you cannot afford to lose.
In related news, Solana’s sell-off risk has faded as the SOL price reclaims key resistance levels. Meanwhile, US companies may reconsider their role in cryptocurrency treasury management following recent developments involving Ripple and RLUSD tokens.
Source: https://u.today/will-dogecoins-price-break-0185-heres-doges-next-move