Dogecoin (DOGE) Price Prediction for May 9: Will Bullish Momentum Continue?
Dogecoin price today is trading around $0.181 after experiencing a significant surge earlier in the day. This price movement follows a breakout from a strong support zone near $0.170. The asset has recently shown strong upward momentum, breaking through key resistance levels and continuing to climb. As Dogecoin price action shifts into bullish territory, traders are closely monitoring whether it can sustain these gains or if a retracement is imminent.
What’s Happening with Dogecoin’s Price?
On the 30-minute chart, Dogecoin price has surged above $0.176, breaking through previous resistance levels with ease. This breakout follows a series of higher lows, creating a bullish trendline and confirming that the market sentiment is increasingly bullish. After a brief consolidation phase, DOGE tested higher resistance zones and broke through the $0.180 level, marking a key milestone in the current rally.
Key support is now located around $0.170, with previous resistance turned into support. If Dogecoin maintains this structure, we could see a continuation of the current bullish trend toward higher resistance zones.
The post Dogecoin (DOGE) Price Prediction for May 9: Will Bullish Momentum Continue? appeared first on Coin Edition.
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Dogecoin (DOGE) Price Prediction for May 9: Will Bullish Momentum Continue?
Dogecoin price today is trading around $0.181 after experiencing a significant surge earlier in the day. This price movement follows a breakout from a strong support zone near $0.170. The asset has recently shown strong upward momentum, breaking through key resistance levels and continuing to climb. As Dogecoin price action shifts into bullish territory, traders are closely monitoring whether it can sustain these gains or if a retracement is imminent.
What’s Happening with Dogecoin’s Price?
On the 30-minute chart, Dogecoin price has surged above $0.176, breaking through previous resistance levels with ease. This breakout follows a series of higher lows, creating a bullish trendline and confirming that the market sentiment is increasingly bullish. After a brief consolidation phase, DOGE tested higher resistance zones and broke through the $0.180 level, marking a key milestone in the current rally.
Key support is now located around $0.170, with previous resistance turned into support. If Dogecoin maintains this structure, we could see a continuation of the current bullish trend toward higher resistance zones.
The post Dogecoin (DOGE) Price Prediction for May 9: Will Bullish Momentum Continue? appeared first on Coin Edition.
Read More
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