Dogecoin (DOGE) is maintaining its position above a crucial long-term ascending trendline, which has been intact since 2015, indicating robust structural support. Currently priced at $0.1742, DOGE has seen a 6.5% increase in the past 24 hours, with resistance identified at $0.1883.
Despite recent market fluctuations, Dogecoin's ability to stay above this trendline suggests a potential continuation of its long-term uptrend. The weekly chart highlights a consistent upward trajectory, with the 21-week EMA positioned at $0.21825, slightly above the current trading price. DOGE is currently trading within a narrow range of $0.1742 to $0.1883, with moderate trading volumes, as market participants monitor for signs of further consolidation or a breakout above the EMA.
Dogecoin Holds Strong Above Key Support Level Amid Uptrend
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