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Dogecoin price moved with Twitter news! Is it possible to reach $0.1?


After Twitter announced a feature called X, news of potential integration as a payment mechanism boosted Dogecoin prices by 10%. However, meme coin prices continue to decline rapidly and have dropped 4%.
Currently trading at $0.0786, Dogecoin seems likely to retest previous breakout levels.
As a result of the growing interest around DOGE, it is recognized as a real-life currency with increased trading volume. Nearly 1800 transactions in the last 24 hours have moved 33.39 billion DOGE.
A 10% bounce in DOGE marks a breakout of a $0.074 neckline. High trading volume and increasing positive emotions triggered the continuation of the uptrend. From June 15, prices rose 31.06% before the rebound. According to the Fibonacci retracement, the breakout rally aligns perfectly and forms a high near the 1.618 Fibonacci high at $0.083.
If the bearish candle helps DOGE retest the pattern break to $0.074, an early retracement could lead to another spike above $0.083.
The next potential increase of DOGE could reach the 2.618 Fibonacci level from $0.0972. Traders can follow the $0.083 break as an entry point for the next rally.
As a result, it seems highly likely that Dogecoin price could hit $0.10 by the end of 2023. However, it is important to remember that the cryptocurrency market is quite volatile.
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SAVASvip
· 2023-07-27 06:01
Thanks for information
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