Dogecoin

bullish

Momentum

<ul class="wp-block-list">
 <li>Dogecoin holds above key support levels, with bullish momentum still in control.</li>  
 <li>The liquidation heatmap shows a narrow price range, with key levels at $0.395 and $0.425.</li>  
 <li>A break above $0.43 could lead to a $0.50 retest, while a fall suggests correction.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/chatgpt-4o-says-dogecoin-doge-can-reach-10-in-12-months-but-this-under-0-10-coin-will-do-it-in-half-the-time/" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> has been showing signs of potential growth. A recent double bottom pattern raised hopes of a strong rally. However, the technical indicators and market conditions suggest that Dogecoin may be stuck in a short-term range. What’s next for the coin? Let’s break down the key levels and signals to understand where Dogecoin might head.</p>  
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<h2 class="wp-block-heading" id="h-local-demand-zone-supports-dogecoin-bullish-stance">Local Demand Zone Supports Dogecoin Bullish Stance</h2>  
<p>Dogecoin has been holding strong above the $0.36-$0.38 support zone. Traders marked this zone after using <a href="https://www.babypips.com/learn/forex/fibonacci-retracement" rel="noopener noreferrer nofollow">Fibonacci retracement</a> levels. The $0.143 level from July's high turned into support, offering a solid foundation. Also, the RSI dropped to 53, signaling weaker bullish momentum. However, the reading stays above 50, showing buyers still control the market.</p>  
<p>A sharp drop to lower support levels like $0.272 or $0.215 seems unlikely for now. <a href="https://www.investopedia.com/terms/o/onbalancevolume.asp" rel="noopener noreferrer nofollow">On-Balance Volume</a> remains above the November highs. If the OBV falls below these levels, a bearish shift could occur. But at this moment, selling pressure remains weak, leaving the bulls in charge.</p>  
<h2 class="wp-block-heading" id="h-liquidity-heatmap-suggests-neutral-momentum">Liquidity Heatmap Suggests Neutral Momentum</h2>  
<p>A closer look at the liquidation heatmap shows that <a href="https://cryptonewsland.com/doge-breaks-key-pattern-on-4h-chart/" rel="noopener noreferrer nofollow">Dogecoin's price</a> might stay within a narrow range. There are key levels at $0.485 and $0.355 that traders are watching. The $0.355 level lines up with the local demand zone, which could come into play soon.</p>  
<p>Additional liquidity is building at $0.34, which may pull the price downward. The heatmap also shows significant liquidity around $0.395 and $0.425. If Dogecoin struggles to gain momentum, price action could be stuck in this range for a while.</p>  
<p>However, if the price breaks through $0.43, a retest of $0.50 may be on the horizon. But if the price drops below $0.395 or $0.355, a deeper correction could follow. The next few days will be crucial for determining whether the bulls can push higher.</p>   
<p>The post <a href="https://cryptonewsland.com/dogecoin-holds-above-key-support-levels/" rel="noopener noreferrer nofollow">Dogecoin Price Analysis: Is a $0.50 Breakthrough on the Horizon?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Dogecoin Price Analysis: Is a $0.50 Breakthrough on the Horizon?

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