Dogecoin (DOGE) to create a new ATH? To find out!

54 minutes ago | 2 minute read Altcoin News

To confirm the recovery, the price must reach the crucial levels of $ 0.32.

If the asset receives a bigger boost, it could break out of the pattern.

Bitcoin and Ethereum prices hit monthly highs, prompting intense feelings of optimism. After a long period of stagnation, the price-shifted XRP has approached its immediate resistance levels. Contrary to expectations, Dogecoin fails to break above the $ 0.3 barrier level.

price of DOGE skyrocketed in the last two days of October 2021. After a small drop, the price remained stable for almost a week. However, the new peak pushed the price up nearly 8% in one hour, a notable drop from $ 0.2979 to $ 0.2817. While the market appears to be heading south, a break in support levels confirms a decline.

Temporary rejection

Despite a momentary negative, the price of the doge is still in range. However, activity can consolidate within the triangle without breaking down. If the asset receives a significant boost, it could break out of the pattern in the following trading days or hours.

DOGE / USDT: Source: TradingView

To confirm the recovery, the price must reach the crucial levels of $ 0.32. reafter, the next major milestone could be above $ 0.4 and eventually near $ 0.7. refore, after the second ATH, the dollar may be more affordable for DOGE prices.

Read also Polkadot price hits a new all-time high, surpassing $ 50 for the first time

Dogecoin’s trading volume increased by more than 210 percent, reaching more than $ 3 billion. refore, if the large volume persists, the DOGE price could soon break the trend. Shiba Inu price spike could fuel a major surge in Dogecoin prices in the coming days. According to CurrencyMarketCap, Dogecoin price today is $ 0.278851 USD with a 24-hour trading volume of $ 3,645,377,421 USD.

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