Dogecoin Shine Wanes
Dogecoin's popularity is taking a hit as its price struggles to overcome the $0.1073 resistance level, which aligns with its 100-day Exponential Moving Average (EMA). The EMA is a calculation used by traders to identify the direction of a trend, similar to how you might notice patterns in your household budget over time. Currently, Dogecoin (DOGE) is trading just above $0.1010, but there is concern it may drop by 24% to its next support level at $0.0782 if it can't break through the current resistance. This resistance is like a barrier that the price is finding hard to cross.
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