Cover image via U.Today
Dogecoin is currently trading within a tight range, bounded by three key support and resistance levels that will likely influence its near-term price action. Currently priced at $0.173 (slightly down for the day), it shows signs of indecision, hovering in the middle of this range.
The most immediate support, tested repeatedly in recent weeks, sits around $0.160. This level has acted as a launchpad for Dogecoin, absorbing selling pressure and preventing a sharper decline. A further support level lies at $0.145; a break below this would likely trigger further downward movement. Resistance, on the other hand, is strong at $0.207, a level that proved difficult to surpass during March's rally attempt.
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