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A Dogecoin rally to 0.50 USD appears likely as overbought conditions diminish

Recent consolidation in DOGE’s price: Since a remarkable 208% breakout in early November, Dogecoin has consolidated between 0.35 USD and 0.48 USD for nearly four weeks, despite a 16% decline this week. This price stabilization could signal a future upside.

Historical indicators hint at a bullish trend: Analysts suggest a potential rise above 0.50 USD for Dogecoin, as historical trends and a reset RSI indicate a shift. However, a minor dip to 0.32 USD or 0.34 USD to collect liquidity may occur first before bullish momentum resumes.

This is community-generated content, not advice from ONUS.
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