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Dogecoin Price Prediction: Traders Eye Breakout as Momentum Builds

14h ago
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  • Dogecoin consolidates below key EMAs as traders await a decisive breakout signal.
  • Rising open interest near $1.73B suggests traders preparing for directional move.
  • Exchange inflows and KuCoin’s KuPool launch hint at renewed DOGE accumulation.

Dogecoin is trading near $0.1946, reflecting muted intraday activity as the meme token consolidates after recent volatility. The asset continues to face strong resistance, with short-term traders observing tightening price action around key technical levels. Despite subdued momentum, on-chain metrics and exchange data suggest that accumulation may be emerging after months of sell-side pressure.

Consolidation Near Key Fibonacci Levels

DOGE has been consolidating below the 0.236 Fibonacci retracement at $0.2025 following its earlier pullback from $0.2889. The token remains trapped below the 20, 50, 100, and 200-period EMAs,…

Read The Full Article Dogecoin Price Prediction: Traders Eye Breakout as Momentum Builds On Coin Edition.

14h ago
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bearish:

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