Possible Cushions for 6% Dip in Dogecoin (Doge) price: An Overview

Dogecoin, the ninth largest cryptocurrency by market capitalization, experienced a significant drop on March 3 due to the overall bearish sentiment in the crypto market. However, it quickly rebounded and found support at the $0.073 level, where 44,100 addresses bought 34.38 billion DOGE. This range is considered the most significant support for Dogecoin, with the next support in the $0.071 to $0.0738 range. In contrast, the most significant resistance area for Dogecoin is between the $0.0852 and $0.0857 range, where 91,840 addresses are holding 13.11 billion DOGE. Despite the recent dip, Dogecoin’s 24-hour trading volume is up 130% as traders look to capture gains.

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About The Author

Niels I have been passionate about dogecoin since 2019, and have since become an avid follower and advocate of the cryptocurrency. I keep a close eye on the Dogecoin market and trends, and I'm always up-to-date with the latest news and developments. As a true believer in the potential of dogecoin, I am excited to be a part of the growing community and I'm eager to share my knowledge and experience with others. When not busy with dogecoin, I enjoy golf, and I can often be found on the golf course.

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