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Tari is a Rust-based blockchain protocol centered around digital assets.
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On July 23, the price of DOGE coin experienced significant Fluctuation. Following a strong pump to a high of $0.28767 yesterday, it has pulled back today, currently hovering around $0.247. This pullback has sparked market attention and discussion regarding the short-term trend.
From a bearish perspective, the loss of the $0.26 level is a warning sign. If DOGE is unable to regain this level, it may further test the support around $0.22. This area corresponds to the middle line on the daily chart and the previous range, which will be an important defense line for the bulls. If $0.22 is also unable to hold, DOGE may face a deeper adjustment and could even fall back to the $0.20-$0.19 range.
However, the bullish camp has not completely lost confidence. If DOGE can stabilize in the range of $0.24-0.25 and quickly return above $0.26, this will be seen as a successful pullback confirmation support. In this case, the pump trend is expected to continue, with the next important resistance level at $0.29. If this level can be broken, there is a possibility of challenging the previous high of $0.35.
Currently, market sentiment appears cautious, and investors are closely following whether DOGE can hold its ground at the key support level. Whether this pullback is merely a brief pause in the rising process or signals the imminent end of the bullish trend will be verified in the upcoming trading.
For DOGE holders and potential investors, closely following the performance of the key price levels at $0.26 and $0.22 is crucial. At the same time, continuous attention should be paid to the overall trends in the cryptocurrency market, as they may significantly impact the price direction of DOGE.