Dogecoin DOGE price has established a new all-time high price of $0.495 and faces no critical resistance level ahead. Cryptocurrency enthusiasts have become extremely interested in Dogecoin again and are pushing its price to new highs.
DOGE broke its previous all-time high price of $0.45 and aims to hit $0.77 which is the 127.2% Fibonacci retracement support. Above this level, the next critical target is $1, a psychological support level, and also the 141.4% Fibonacci retracement.
In the last week, the number of new addresses joining the Dogecoin network has significantly increased by 30%. Similarly, the number of active addresses also saw a major 44% price upswing, indicating that investors are buying Dogecoin at current prices.
However, the Dogecoin is facing a ton of selling pressure ahead as the TD Sequential indicator has just presented a sell signal on the 12 and daily charts.
Validation of both signals can quickly drive the DOGE price down to $0.45 in the short-term and as low as the price of $0.294 at the 78.6% Fibonacci retracement level.
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