Dogecoin (DOGE) is nearing a crucial resistance point at 0.20 USD, which it must clear for a potential 300% rally. Closing above this level could enhance investor sentiment and push towards previous highs around 0.74 USD.
The current trends suggest that DOGE is positioned within a long-term rising channel. However, if it fails to close above 0.20 USD this month, it risks remaining stagnant in its trading range, which could impact interest in other altcoins.
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