DOGE Reaches Support, Could Soon Resume Its Upward Movement

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In Brief
  • DOGE has broken out from a long-term descending resistance line.

  • A golden cross has taken place on the daily time-frame.

  • There is resistance at 65 and 85 satoshis.

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The Dogecoin (DOGE) price has been retracing after a rapid breakout on July 6. It has reached a likely reversal level and could continue its upward trend in the near future. Retracement After the Breakout On July 6, the DOGE price initiated a rapid upward move that caused it to break out from a descending resistance line that had been in place since October 2019. It subsequently
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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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