Dogecoin

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<ul>
 <li>DOGE’s 2023 journey showcases a predominant bearish trend, closing recently at a 52-week price of $0.059.</li>
 <li>While struggling to maintain above the $0.060 mark, Dogecoin suggests potential for a trend reversal in upcoming weeks.</li>
 <li>Despite the present downtrend, a bounceback above the $0.060 mark could significantly shift DOGE’s market trajectory.</li>
</ul>
<p>Dogecoin faces turbulent waters as 2023 unfolds, witnessing a stark downturn from its early gains. Recent metrics reveal a concerning 52-week closing price at just $0.059. This trend threatens optimistic Dogecoin forecasts, suggesting a possible postponement of a bullish breakout.</p>
<p>Tethering precariously above the $0.060 threshold, Dogecoin has seen its price oscillate between $0.060 and $0.063. Yet, an influx of overhead supply, prompting increased price pushbacks, led to further bearish outcomes.</p>
<p>A pronounced 3.9% decline recently cast DOGE below the pivotal $0.060 mark, perpetuating the trend of descending peaks hinting at an extended downturn. Presently, trapped in a declining wedge, Dogecoin trades tentatively at $0.059.</p>
<p>However, not all seems bleak. The current price activity hints at an emerging morning star, suggesting the possibility of a reentry to the $0.060 domain. Should Dogecoin regain momentum and surpass this mark, its prospects may brighten considerably.</p>
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<p>Yet, failing this, the descent may extend towards the next significant support line at $0.050. On a brighter note, surpassing $0.060 could pave the way for a rise towards $0.070.</p>
<p>Looking ahead, Dogecoin’s place in the crypto realm remains promising. While 2023 has presented challenges, the coin’s inherent potential and dedicated community hold the power to shape a brighter, more prosperous future.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
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 <li><a href="https://cryptonewsland.com/dogecoin-date-it-but-dont-marry-it-analyst-says/" rel="noopener noreferrer nofollow">Dogecoin: Date It but Don’t Marry It, Analyst Says</a></li>
 <li><a href="https://cryptonewsland.com/doge-price-analysis-sept-massive-40-surge-the-road-from-0-07-to-0-1/" rel="noopener noreferrer nofollow">DOGE Price Analysis Sept: Massive +40% Surge, The Road from $0.07 to $0.1</a></li>
 <li><a href="https://cryptonewsland.com/dogecoin-doge-price-analysis-aug-week-3-to-4/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Price Analysis Aug Week 3 to 4</a></li>
 <li><a href="https://cryptonewsland.com/whats-next-with-dogecoin-can-doge-reach-0-8-in-2022/" rel="noopener noreferrer nofollow">What’s Next With Dogecoin? Can Doge Reach $0.8 in 2022?</a></li>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/doges-consolidation-dance-in-2023-a-step-back-before-a-leap/">DOGE’s Consolidation Dance in 2023: A Step Back Before a Leap</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

DOGE’s Consolidation Dance in 2023: A Step Back Before a Leap

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