The Dogecoin (DOGE) price appears primed for a significant bullish reversal, supported by technical indicators and market sentiment data. Despite recent downward pressures, several factors suggest a potential upward trajectory for the popular memecoin. #1 Dogecoin Bounces Off Key Support Level (1D Chart) Crypto analyst CRG (@MacroCRG) highlighted the resilience of Dogecoin and PEPE, another prominent memecoin, stating, “DOGE + PEPE both bouncing from important areas. The memecoin demise is greatly exaggerated IMO. Next leg up gonna take many by surprise.” CRG’s technical analysis reveals that DOGE has maintained a daily close above the critical support level of $0.385 for nine consecutive days, despite substantial selling pressure. Similarly, PEPE has sustained crucial support, indicating that the “memecoin season” might be making a comeback imminently. Related Reading: Ex-Hedge Fund Guru Bets Big On Dogecoin As ‘Core Crypto Bet’ For Dogecoin, the short-term resistance zone at $0.42 remains a pivotal level. CRG suggests that a break above this threshold could signal the onset of a new bull run, potentially catching many investors off guard. #2 Bullish Market Structure (4-Hour Chart) Further technical insi ..
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