Author
Alejandro Arrieche
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Dogecoin is on edge. After slipping over 5% in the past 24 hours, DOGE now trades just under a critical support at $0.14, with bulls and bears locked in a high-stakes battle.
This comes in the wake of yesterday’s FOMC meeting, which triggered volatility across the crypto market.
With trading volumes still elevated and making up over 8% of DOGE’s circulating cap, the $0.13 zone has become a crucial line in the sand.
If bulls fail to defend this level, the door opens to a deeper correction.
But if momentum shifts, could DOGE flip the script and stage a surprise rally?
That’s the question shaping the latest Dogecoin price prediction.
Dogecoin Price Prediction: DOGE Hits Key Support and Faces Make-Or-Break Moment
Heading to the 12-hour chart, DOGE seems to be hitting a pivotal level at $0.13. In the past few weeks, it has bounced three times off this mark, increasing its technical relevance.
If the price breaks above its dynamic trend line resistance, the odds of a move toward its point of control at $0.195 will be high.
This confirms Bitconsensus’ view and further validates a bullish Dogecoin price prediction.
The Relative Strength Index (RSI) would need to push above the 14-period moving average to confirm a bullish reversal for Dogecoin. Right now, it hovers around 40.
Ideally, a breakout above the mid-line would signal that momentum is truly shifting in favor of the bulls.
While the broader market hesitates following yesterday’s rate cut, some investors are already looking ahead.
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