Dogecoin Price Spikes 33% in a Month, Traders Eye Further Rally to $0.12 and $0.23
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Dogecoin (DOGE) price is up 33% in the last month, catching some traders' attention.
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DOGE hit a technical indicator called the parabolic SAR on the 1-month chart, which has preceded huge rallies in the past.
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Traders are looking at Fibonacci levels, with $0.12 and $0.23 as potential medium-term price targets.
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DOGE trading volumes and open interest recently hit multi-month highs, suggesting increased interest.
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Some view DOGE's rise as a potential warning sign of market euphoria similar to past memecoin rallies.