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Dogecoin Shows Bullish Divergence as Analyst Sets Price Targets
Dogecoin's momentum improved following macroeconomic news, particularly President Trump's announcement of a 90-day tariff pause for 75 countries and increased tariffs on China. This development contributed to a rise in Bitcoin above $80,000 and boosted several altcoins, including Dogecoin.
Bullish Momentum For Dogecoin
- Dogecoin rallied approximately 13% post-announcement, confirming bullish divergence signals noted earlier.
- Key support level at $0.139 is crucial for maintaining upward momentum.
- Technical indicators are approaching reset points, suggesting potential for further gains.
DOGE Price Targets
- Fibonacci retracement levels indicate potential targets:
- $0.09038 (0.236)
- $0.13827 (0.382)
- $0.19039 (0.5)
- $0.26216 (0.618)
- $0.28529 (0.65)
- $0.3310 (0.70)
- $0.41339 (0.786)
- $0.54210 (0.88)
- $0.73839 (1.0)
- $0.93377 (1.0866)
- $1.54348 (1.272)
- $2.26813 (1.414)
- Analyst suggests bullish outlook as long as Bitcoin remains above $70,000.
- Current DOGE price stands at $0.15751.
The next few days will determine if Dogecoin can sustain its recent gains amid changing market conditions.