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Dogecoin Bulls Must Be Cautions As the DOGE Rally Runs Into a Resistance Zone

  • The market structure remained bearish on the 4-hour chart
  • $0.086 could prove to be a crucial level over the next two days of trading

Bitcoin sank as low as $15.5k over the past two days of trading but quickly reversed and fought to climb back above $16.2k. However, it still faced resistance at the $16.5k-$16.7k region. Dogecoin followed Bitcoin on the charts and saw a 15% bounce over the past 36 hours.

Dogecoin sees a bounce from a support level but bulls aren’t a dominant force yet

(by Akashnath S)

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