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Dogecoin's most recent performance on the cryptocurrency market left the majority of investors and traders surprised as the "old classic" memecoin easily broke the first resistance on its way to a trend reversal.
The daily timeframe of the cryptocurrency suggests that DOGE is getting close to the major resistance line of the 50-day Exponential Moving Average, which is often considered a barrier between descending and ascending trends.
In the event of a breakthrough, Dogecoin will be set for a strong recovery rally despite already gaining over 40% to its value in the last seven days, which makes it one of the most profitable assets on...
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