Dogecoin's price volatility has intensified as traders navigate conflicting technical and market signals. The cryptocurrency recently dipped below $0.140 after breaching an hourly trend line, yet it remains above a crucial two-year support range of $0.13 to $0.15. Despite the recent price weakness, weekly technical indicators suggest a bullish outlook with a MACD crossover.
Market dynamics also show potential accumulation, as evidenced by ETF inflows and exchange outflows. Traders are closely watching resistance levels at $0.142, $0.145, and $0.155 to $0.156 for signs of a breakout, which could indicate a shift in market sentiment.
Dogecoin Volatility Surges Amid Mixed Market Signals
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