Dogecoin price forecast: Will the Doge ETF bring about a turnaround?

In this article you will learn:

  • Why Dogecoin (DOGE) could be on the verge of a directional decision
  • Why the 200-day line is likely to be the deciding factor
  • Which price levels investors need to keep an eye on in the coming days

The memecoin veteran Dogecoin (DOGE) is joining the recovery in the altcoin sector and is trading at $0.244, within striking distance of last month's high. After a pullback to the 200-day moving average (EMA200), the bulls are attempting to push the largest memecoin by market capitalization back north and initiate a new breakout attempt. This price analysis reveals the chances of a bullish trend continuation and which price levels are likely to be relevant for investors in the coming weeks.

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