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<p>In a detailed analysis of Dogecoin (DOGE), crypto trader Ali <a href="https://twitter.com/ali_charts/status/1729557606509744474" target="_blank" rel="noopener noreferrer nofollow">unveils</a> significant challenges and opportunities on the weekly chart.</p>
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<p>Ali identifies a major obstacle for Dogecoin at the $0.087 mark on the weekly chart. This critical level is distinguished by the convergence of key indicators, including the 0.786 Fibonacci level and both the 100-week and 200-week Exponential Moving Averages (EMAs). The clustering of these influential factors creates a formidable barrier that Dogecoin must overcome to progress.</p>
<p>Breaking past the $0.087 hurdle is perceived by Ali as the gateway for Dogecoin to potentially double its current price. With an optimistic target set at $0.14, the trader envisions a significant price surge if Dogecoin manages to overcome the technical challenges posed by the convergence of Fibonacci levels and EMAs.</p>
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<p>In summary, Ali’s analysis offers a comprehensive view of Dogecoin’s weekly chart, emphasizing the pivotal nature of the $0.087 resistance. The potential for a substantial price increase to $0.14 hinges on the successful navigation of this critical juncture.</p>
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<p>The post <a href="https://captainaltcoin.com/dogecoin-faces-major-hurdle-at-this-level-analyst-says-breaking-past-this-can-double-doge-price/" rel="noopener noreferrer nofollow">Dogecoin Faces Major Hurdle At This Level, Analyst Says Breaking Past This Can Double DOGE Price</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin Faces Major Hurdle At This Level, Analyst Says Breaking Past This Can Double DOGE Price

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