DOGE continues to assert its dominance in the memecoin market, particularly after a recent parabolic rally. Can it sustain this momentum?
is still leading the pack, while its rivals trail with a hefty 10% decline. Thanks to a recent parabolic rally, DOGE has soared above the $0.14 mark, a level it hasn’t reached in two months.
If that’s the case, an underlying pattern could soon propel Dogecoin past its previous resistance levels, even amid the prevailing bearish sentiment.Now, Dogecoin is at a critical juncture. With a strong liquidity pocket at $0.144, breaking through this range could trigger short liquidations, forcing those with short positions to buy back DOGE, potentially driving the price higher.
In short, if BTC continues to consolidate at these price levels, creating a major steep in weekly gains for top altcoins, history could repeat itself, allowing Dogecoin to capitalize and potentially rally, establishing new resistance levels above $0.143.
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