Dogecoin Analyst Predicts Potential Price Rebound
- The Dogecoin chart has returned to a previous accumulation level, suggesting a potential rebound.
- A market technician indicates the pattern appears “bottomed,” with a trade opportunity up to December’s supply wall.
- Current support is between $0.12 and just below $0.15, with resistance at approximately $0.18210.
- The invalidation point for traders is under $0.12982, limiting downside risk.
- Potential upward targets lie in the $0.40000–$0.48527 range, based on historical patterns.
At press time, Dogecoin was trading at $0.173, with analysts noting its price structure mimics previous successful trends.
Source (2.6)https://www.newsbtc.com/news/dogecoin/dogecoin-bounce-expected-analyst-called-bitcoin-bottom/?rand=52377