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Dogecoin has recently demonstrated some signs of a bullish reversal, but its rally could be temporary. The meme token had become popular following a rebound at the $0.14 price support. The traders are currently monitoring the $0.239 resistance area to further establish whether they expect a breakout.
Trading volume ticked up a bit, and the price action has begun taking on more of an uptrending feel. To resume the upward movement, however, the Dogecoin should overcome and defend itself above the resistance. Any failure here would result in a sharp…
