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Dogecoin (DOGE) Price Has One Last Chance to Repeat History
As the cryptocurrency market continues to experience volatility, Dogecoin’s price has been stuck in a downtrend since its previous low of $0.3103 in earlier trading. Despite this, DOGE whales have been on the move, shifting 270 million coins within 96 hours.
Historically, December has proven to be a significant month for Dogecoin. It was in this very month seven years ago that the meme coin first flipped $1 billion in market capitalization, marking an incredible milestone in its journey.
Given this precedent, it’s possible that DOGE could repeat history and make a comeback in the coming weeks or months. However, for this to happen, the cryptocurrency needs to breach the 50 EMA at $0.36, which would be a crucial point of resistance for the asset.
In conclusion, December may prove to be a pivotal month for Dogecoin, as it has historically seen growth and significant milestones.
Source: u.today
