π Analyst Kevin notes Dogecoin historically rebounds after major pullbacks. In previous bull cycles, declines of ~55% were consistently followed by new highs. $DOGE recently corrected 58%, fitting this historical pattern.
π However, he highlights a critical level: DOGE must reclaim $0.30, the "weekly bull market support band," to confirm bullish momentum. If it succeeds, Dogecoin could surge to $0.48 and beyond.
π Yet, DOGE's fate hinges on Bitcoin and macroeconomic factors. Without positive shifts like easing inflation or rate cuts, Dogecoin might retest lower support around $0.20.
β οΈ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.