Dogecoin Poised to Reach $0.4 If Uptrend Holds Steady
- Dogecoin's price is holding key support levels, with a potential upward move indicated by higher lows.
- Analyst Daan Crypto Trades highlights that Dogecoin remains above critical moving averages, specifically the 200-day EMA and MA.
- The price pattern shows similarities with other major cryptocurrencies since April, characterized by slow and choppy rises.
- The formation of higher lows suggests weakening seller strength, indicating potential for a larger upward trend.
- If Dogecoin maintains its current trend, it could potentially reach $0.40.
- Traders are advised to watch if Dogecoin stays above key moving averages, as this would support continued momentum.
