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**Dogecoin (DOGE) Finds Major Support Just 100% Away From All-Time High**
As the cryptocurrency market continues to navigate a tumultuous period, one altcoin has found itself in the spotlight. Dogecoin (DOGE), a popular meme-based token, has been garnering significant attention of late due to its impressive price action and robust support levels.
According to recent data, DOGE has seen a remarkable turnaround, with many analysts attributing this surge to the unwavering enthusiasm from its community base. Since its inception in 2013, Dogecoin has always maintained an aura of unpredictability, but its recent price growth has left even the most seasoned traders perplexed.
While DOGE’s meteoric rise may raise eyebrows among some market participants, its supporters are quick to point out that this token has consistently defied expectations. With a market cap fivefold to $180 billion in just two months, many are now asking whether a similar trajectory is feasible for Dogecoin as well.
Nothing is set in stone yet, but with the 50-day moving average acting as support, the chips are more on the bulls’ side.
Source: u.today
