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Arthur Hayes: Still believes BTC will retest $70,000-75,000, and needs to "demystify" the strategic reserve of Bitcoin Arthur Hayes published an article today discussing the main desires of many people in the global crypto industry regarding the establishment of a Bitcoin Stra… $BTC $XRP $DOGE $SOL $ETH $WBTC $STETH $BGB $BNB $TRUMP $MELANIA

Arthur Hayes: Still believes BTC will retest $70,000-75,000, and needs to "demystify" the strategic reserve of Bitcoin Arthur Hayes published an article today discussing the main desires of many people in the global crypto industry regarding the establishment of a Bitcoin Stra… $BTC $XRP $DOGE $SOL $ETH $WBTC $STETH $BGB $BNB $TRUMP $MELANIA

Trump Administration Agrees to Temporarily Limit DOGE’s Access to Treasury Payment Systems U.S. Department of Justice prosecutors have agreed to temporarily restrict access to information in the Treasury Department's payment systems by staff members of the Department of Govern…

Dogecoin ( $DOGE ), one of the most popular meme coins, has shown signs of recovery after a sharp decline in recent days. The cryptocurrency recently rebounded above $0.240 against the US Dollar, but it is now facing strong resistance near the $0.270 mark. The question remains: Can DOGE break through key resistance levels and continue its upward momentum, or will bears regain control? DOGE Price Overview ----------------------------------- Dogecoin experienced a significant drop after reaching a high of $0.3450. The price tumbled below critical support levels at $0.300 and $0.250, even dipping under $0.220 at one point. The decline resulted in a more than 25% loss, with DOGE touching the $0.20 support zone before attempting a rebound. Despite this recovery, the price is struggling to gain enough bullish momentum. At the time of writing, DOGE is trading below the $0.270 level and remains under the 100-hour simple moving average (SMA). Key Technical Levels ----------------------------------- Resistance Levels: 1. $0.260 - Bearish Trend Line Resistance A significant bearish trend line has formed on the hourly chart, providing resistance near $0.260. This level must be broken for DOGE to have a chance at further upside movement. 2. $0.270 - Immediate Hurdle The next major resistance lies at $0.270, which has acted as a rejection point multiple times. If bulls manage to push above this level, the next focus will be on $0.2850. 3. $0.2850 - 61.8% Fibonacci Retracement This level coincides with the 61.8% Fibonacci retracement of the decline from $0.3415 to $0.20. A successful break above $0.2850 could confirm a stronger bullish trend. 4. $0.300 and Beyond If DOGE can close above $0.2850, it may aim for the psychological $0.300 mark, with further targets at $0.320 and $0.3420. Support Levels: 1. $0.2420 - Initial Support If DOGE fails to climb higher, the first key support lies at $0.2420. 2. $0.2250 - Stronger Support Zone Below $0.2420, the next major support is at $0.2250, which could act as a short-term bottom. 3. $0.220 - Major Support Floor If DOGE falls below $0.220, it could face increased bearish pressure, potentially testing the $0.2020 or even the crucial $0.200 mark. Technical Indicators Analysis ----------------------------------- MACD (Moving Average Convergence Divergence): The hourly MACD is showing signs of losing momentum in the bearish zone, suggesting that buying pressure is not yet strong enough to trigger a full-fledged reversal. RSI (Relative Strength Index): The hourly RSI remains below 50, indicating that bears still have control. However, if RSI climbs above this level, it could signal a shift in momentum. Moving Averages: DOGE is still trading below the 100-hourly simple moving average, reinforcing the resistance around $0.270. A move above the SMA would strengthen the bullish case. Market Sentiment & Future Outlook ----------------------------------- Dogecoin’s recent price movement reflects uncertainty in the market. The cryptocurrency has managed to recover from its lows, but it still faces major hurdles before confirming a bullish trend. Traders should closely monitor the $0.260 and $0.270 resistance levels, as breaking these could lead to further gains. On the other hand, if DOGE fails to break through resistance, another drop toward $0.2250 or even $0.200 could be in play. With meme coins often influenced by social media trends and celebrity endorsements, any positive news related to Dogecoin could spark renewed buying interest. Traders should stay cautious and watch for confirmation signals before making major moves. Conclusion ----------------------------------- Dogecoin is attempting a comeback, but strong resistance near $0.270 is keeping the bulls in check. If the price manages to break above this level, it could open the doors for a push toward $0.2850 and potentially $0.300. However, failure to do so may result in another leg down toward key support levels at $0.2250 and $0.200. For now, traders should keep an eye on market trends, technical indicators, and key support/resistance zones to navigate the current price action effectively. Will DOGE reclaim its bullish momentum, or is another pullback on the horizon? The next few trading sessions could provide crucial answers.

JUST IN: 🇺🇸 White House confirms USAID funded Politico with over $8,000,000 in US taxpayer dollars. "The @DOGE team is working on canceling those payments now." #CryptoNews #Market #CryptoPayment