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$DOGE
DOGE Trend Update: Crucial Test of Demand Zones
Dogecoin is currently trading within a general downtrend on the daily timeframe.
However, it has reached a crucial demand zone between $0.13 and $0.14.
If the coin manages to hold above this zone, it could pave the way for a rebound targeting $0.17 and $0.20.
Conversely, a daily close below $0.13 would open the door for further declines towards lower support levels, potentially reaching $0.11. The current situation requires close monitoring of daily closes.
A break below the $0.13 level would indicate that the bears are still in control, but any rebound from here would present an excellent opportunity for short-term trading.