Dogecoin (CRYPTO: DOGE) is back at 40 cents, recovering from a shallow dip to 36 cents and leaving cryptocurrency traders calling for more upside.
What Happened: At the time of writing, Dogecoin is trading at $0.399, up 11% over the past 24 hours. The apex meme coin had briefly dipped to $0.36 in the European trading session.
Crypto trader Altcoin Sherpa reassured traders that Dogecoin’s recent movements are part of a typical consolidation pattern. He remains optimistic, holding his position in DOGE, saying the “meme lord” Elon Musk’s influence adds to the coin’s bullish potential.
Analyst Ali Martinez shared a similar view, identifying the $0.35 support as a crucial level for a potential 45% rally.
Full story available on Benzinga.com