Dogecoin Price Prediction for July - Will It Keep Rising? These Meme Coins Could Pump Harder
Dogecoin has pumped 5.66% this week after a slump since November 2022. After peaking at $0.14, it has continuously made lower lows since then. However, could the recent pump mean DOGE is about to break its downtrend?As seen on the Dogecoin price chart below, the price has recently broken a descending channel after touching its $0.05441 support level.
Usually, a descending channel break out is followed by a bullish reversal. In this case, this would mean a move to the daily time frame resistance level of $0.1. However, this is a longer-term move.
When we zoom in to the four-