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Dogecoin Price Daily Chart
A long-wicked rejection candle at the upper trendline indicates that the sellers continue to defend the bearish pattern.
Breaking below the lower support trendline will reduce the DOGE price by 20%.
The 24-hour trading volume on DOGE is $739.5M, indicating a gain of 24%.
With an 8.76% intraday gain earlier today, DOGE price showed another attempt to break through the overall trendline of the inverted pennant. However, buyers faced active selling pressure at this trendline. This brought the meme coin price back and it is currently trading at $0.073670.
Until the two trendlines are solid, meme coin price could prolong the current recovery rally further. However, buyers will get a better confirmation of the bullish recovery, the meme coin price manages to break through the upper trendline. #ContentStar# #BountyCreator# #GateioBountyCreator# #NewsMessenger# #HotTopicDiscussion# #MyFancyCreator# #CryptoNewsCarnival#