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CDS Crypto News Crypto Bears Hit Dogecoin Hard: Will DOGE Recover From $0.3404?

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Crypto Bears Hit Dogecoin Hard: Will DOGE Recover From $0.3404?

lectertodd09/01/20251 Mins read145

Crypto Bears Hit Dogecoin Hard Will Doge Recover From $0.3404

Crypto Bears Hit Dogecoin Hard: Key Levels to Watch

According to CoinMarketCap, bears have taken the lead in the market. With a nearly 4.70% decline from yesterday, DOGE is among the biggest losers today. The DOGE rate made a false breakout of the local support level of $0.3404 on yesterday’s hourly chart. One can anticipate a challenge of the resistance level of $0.3547 by today if the daily bar closes far from that point.

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DOGE Faces Pressure: Eyes Set on $0.3359 and Potential $0.32 Breakout

The $0.3359 interim zone is worth keeping an eye on for a longer period of time. The gathered energy may be sufficient for a move to the $0.32 zone in the near future if its breakout happens. Furthermore, after the last bullish candle closed, purchasers were unable to sustain its growth in the medium run. There is a chance that the $0.30 range will be tested shortly if nothing changes before the end of the day. As of this writing, DOGE is trading at $0.331.

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

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