As we dive into the world of cryptocurrency, it’s hard not to feel the electrifying buzz surrounding Dogecoin lately. But wait—what’s this talk about a “final retest”? Is that just market jargon, or is it the cryptos’ version of a dramatic cliffhanger? According to crypto analyst Basic Trading, we might be on the brink of some thrilling developments for DOGE, possibly setting the stage for an exhilarating bullish breakout. In this article, we’ll unpack the key price levels to keep an eye on and explore what this means for Dogecoin’s journey ahead. If you’ve ever wondered how meme coins could dance with destiny (or simply skyrocket), this might just be the moment we’ve all been waiting for! LEARN MORE.
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout.
Levels To Watch For As Dogecoin Price Confirms Final Retest
In a TradingView post, Basic Trading highlighted $0.2, $0.5, and $5 as the levels to watch out for as the Dogecoin price confirms a final retest. This came as the analyst noted that market participants are about to witness a textbook ‘break and retest’ for Dogecoin. Alluding to the monthly chart, the analyst said that DOGE is obviously in an upward trend despite recent corrections.
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Basic Trading also remarked that the Dogecoin price has seen the expected correction of about 50% following its textbook retest of the previous all-time high about three months ago. The analyst is confident that the foremost meme coin is about to confirm the bullish break and retest, which would eventually lead to a parabolic rally and new highs.
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