Dogecoin rose slightly more than 4% on Friday, and the latest transaction price of the world's most popular meme was close to 0.066 dollars
Dogecoin rose slightly more than 4% on Friday, and the latest transaction price of the world's most popular meme was close to 0.066 dollars.
This means that DOGE has successfully recovered above the 21 day moving average of $0.0635.
On the occasion of the recovery on Friday, the Cryptocurrency market ignored the report that the U.S. Securities and Exchange Commission told spot bitcoin ETF applicants that their applications were insufficient, and the latest U.S. PCE inflation report provided help unexpectedly.
Price forecast - where is the next step for Dogecoin?
However, DOGE is still in the southern part of other major moving averages (such as the 50, 100, and 200 day moving averages) and has shown a downward trend since its annual high.
Therefore, the price forecast of Dogecoin is still pessimistic. If Cryptocurrency can retest the resistance in the $0.08 area, it may still encounter resistance.
If the Dogecoin is to recover to the $0.08 area and find strong resistance, it may retest the annual low of the $0.0540 area.
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