Dogecoin, the largest meme coin is demonstrating potential for a notable price spike in the short term. With key indicators and past price trends pointing to an upside momentum, DOGE could be poised for a much larger bull run than the recent rally to the $0.47 level.

A Potential End To Dogecoin’s Recent Correction

Over the past few weeks, Dogecoin has witnessed heightened volatility, leading to a significant drop in price to about $0.26. However, market expert and trader Daan Crypto Trades has predicted a possible turnaround for the dog-themed meme coin, suggesting that the current correction phase may be nearing its end.

Daan Crypto Trades’ prediction aligns with the notion that such lengthy consolidation phases are seen before an upward momentum. Since DOGE has been struggling to surge again, the current correction’s conclusion could mark the beginning of a recovery phase for the digital asset.

The expert’s perspective hinges on a key resistance range that might fuel a substantial leg-up for Dogecoin to higher levels. Thus, investors and traders are now monitoring several crucial resistance levels as DOGE prepares for its next major move.

It is worth noting that following the recently concluded United States Presidential elections, DOGE saw a remarkable run. After that, the meme coin cut sideways, flushed lower, and is currently trading just below the weekly level and the previous range bottom.

If the meme coin can recapture the $0.335 and $0.35 region, Daan Crypto Trades expects this high timeframe Go to Source to See Full Article
Author: Godspower Owie