Dogecoin price accomplishes a jaw-dropping rally to end the month of October. Now the only question is, where will the downtrend end?
Dogecoin price stunned the crypto arena as a surging rally continues to make gains. Currently, the notorious meme coin has increased by 50% in just a week, blowing past the October and September highs.
Dogecoin price currently auctions at $0.084. A massive influx in volume accompanies the recent uptrend move, while the Relative Strength Index is now in extremely oversold territory daily.
Investors looking to join the trend should apply caution as the mid $0.08 has been known to reject the Dogecoin price in the past. ? for an additional rally and retesting the level before entering could be a safer bet. The next bullish targets lie at $0.10.
Invalidation of the bullish scenario remains below Wednesday's opening price of $0.0640. If the invalidation level is tagged, an additional decline targeting the October lows at $0.055 could occur. Such a move would result in a 35% decline from the current market value
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