Dogecoin [DOGE] surges 40% within a week, pullback to this area can soon materialize
Price Prediction for Dogecoin [DOGE]This development for Bitcoin was followed by a strong surge in BTC prices as buyers swept the bears off their feet. The altcoin market also reacted quite positively, and Dogecoin was among those which saw a huge influx of buyers.Source: DOGE/USDT on TradingView
The fact that DOGE was able to breeze past this area and flip the market structure to bullish suggested that a pullback to the $0.07 territory would likely be a buying opportunity. On the other hand, this would not be the first time that DOGE saw a strong pump to break the bearish market structure, before a deep plunge yet again. In mid-August, DOGE behaved in a similar manner, but the bulls were soon exhausted.