Dogecoin Is Primed For A Higher Move To $0.4 Soon, It Just Needs To Hold This Level

The Dogecoin price is showing strength after it held support ￰0￱ Daan Crypto Trades shared a chart on X, stating that the coin appears ready for a higher ￰1￱ price has been moving up slowly and in a choppy way since the April ￰2￱ Dogecoin maintains this trend, it could surge toward $0.4 ￰3￱ traders are watching the chart and waiting to see if the coin can keep this setup for ￰4￱ Price Holds Key Support With Higher Lows Daan Crypto Trades points out on the chart that Dogecoin held where it needed ￰5￱ price stayed above the critical moving averages on the daily chart, including the 200-day EMA and the 200-day ￰6￱ coin made a higher low, which is a basic sign that buyers are ￰7￱ to the analyst, the price movement in Dogecoin resembles that of other major ￰8￱ Reading: XRP Price Crash To $2.33 Is Still Possible In This Scenario, Here’s Why Many large coins have been moving similarly since the lows in ￰9￱ slow and choppy rise shows Dogecoin is following the same path as larger coins in the ￰10￱ steady steps up can seem slow, but they often lead to a more decisive ￰11￱ higher low matters because it indicates that sellers are weaker than they were ￰12￱ drop stops at a higher level than the ￰13￱ step in at these higher spots and push the price up ￰14￱ steady action could help Dogecoin build a base for a bigger move and Daan Crypto Trades believes this base is forming now as illustrated on the chart ￰15￱ will watch to see if the price holds above the key moving averages and the new higher ￰16￱ the coin stays above these marks, the path to the next target looks ￰17￱ Sees Path Toward $0.4 If Trend Continues Looking ahead, the analyst predicts that Dogecoin is poised to reach $0.40 if the current trend ￰18￱ slow, Daan Crypto Trades says each small gain adds strength to the trend, and Dogecoin must continue to make higher lows and higher highs to build and sustain momentum that could lead to a larger push ￰19￱ chart shared by Daan Crypto Trades illustrates the upward trend and highlights the key moving averages positioned below the ￰20￱ Reading: SWIFT Is Planning To Launch Its Own Blockchain Amid Trillion-Dollar Battle, But It’s Not With Ripple If buyers continue to defend these levels, the coin may gain momentum and attempt to reach $0.4.

Daan Crypto Trades advises patience, as the rise can be slow, but a steady pattern can lead to a more decisive ￰21￱ analyst’s message is that Dogecoin needs to hold these levels above the critical moving averages on the daily chart, and a push to $0.40 could follow soon ￰22￱ image created with Dall. E, chart from ￰23￱