Dogecoin price has been in the spotlight ever since Elon Musk completed the Twitter acquisition & further hinted at accepting DOGE payments on Twitter. DOGE’s price surged remarkably, slicing through the crucial resistance at $0.1 to reach $0.1585. While the DogeArmy is looking forward to another leg up, the possibility of a huge pullback appears to be imminent.
The DOGE trade was set up within an ascending triangle for quite a long time, but the recent plunge has dragged the price below the trend line. The bears currently hold a strong grip over the rally, which could be further fueled by the upcoming FOMC Versammlung.
As speculated by a popular analyst, Micheal van de Poppe, the DOGE price may plunge hard to reach $0.11 soon.
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Source: https://coinpedia.org/price-analysis/dogecoin-rally-to-be-halted-as-fomc-may-drive-the-doge-price-to-0-11-soon/