Dogecoin Sees Massive Rally—What’s Next?

Updated by Kyle Baird
In Brief
  • DOGE broke out from a long-term descending resistance line.
  • There is considerable resistance at 50 and 65 satoshis.
  • DOGE/USD is following an ascending support line and facing resistance at $0.0042.
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After a one-year-long period of consolidation, the Dogecoin (DOGE) price finally broke out on July 7. It initially increased by 100% in less than two days but has retraced slightly since. DOGE Breaks Past Resistance The DOGE price had been following a descending resistance line since October 2019, when the price reached a high of 37 satoshis. Until yesterday, the price made four
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