DOGE coin has grown by 12% following its recent drop, reaching a crucial price level. Despite investors being hopeful due to this increase, a long path ahead is needed to return to an upward trend. Important resistances lie ahead in this uptrend. The first significant resistance level is 25% higher than the current price, breaking which is vital to confirm the upward trend. Although this growth aims to recover DOGE’s long-term decline, it should not be seen as a definite sign of an upward trend, as the lack of strong continued movement indicates traders are still hesitant. Nonetheless, the return from a key support level indicates active buyer participation. A major challenge is the low trading volume, suggesting this growth may not be enough to surpass key resistances. To truly change the trend, DOGE must break higher resistances and maintain a continuous buying flow. To confirm a broader improvement trend, DOGE needs to grow another 25% and surpass the next resistance. However, even then, it will remain below its previous highs, meaning further growth is necessary for a re-entry into the bullish market. Despite this positive move, entering the DOGE market may still not be logical. If trading volume and buying power are not stable, the possibility of price correction remains, and this growth might be just a short-term return, not the start of a stable upward trend. Visit the live digital currency price page to monitor all tokens and cryptocurrencies in real-time.
