🐕 Dogecoin’s Road to $1: The journey to $1 remains a key focus for traders. A critical resistance at $0.48 could dictate the next moves, marking a psychological and technical milestone for $DOGE .
📊 Resistance at $0.48: Technical analysis highlights $0.48 as a major hurdle. DOGE has faced two rejections at this level, with highs of $0.475 on November 23 and December 8. A retest is crucial for further gains.
💡 Bulls Still in Control: A bounce from the 200EMA on the 4-hour chart signals strong support. This foundation suggests resilience, setting up a potential breakthrough of $0.48.
⚠️ Rejection Risk: A failure to break $0.48 may lead to a pullback toward the $0.20-$0.24 range, erasing November’s gains. This zone is seen as an ideal buying opportunity for long-term bullish investors.
🚀 Path to $1: After consolidation at lower levels, DOGE could rebound strongly, surpassing $0.48 and paving the way toward $1. Currently trading at $0.42 (+7% in 24h), Dogecoin’s future remains promising.
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