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Dogecoin soared 23,000% in 2021 — Is history starting to repeat for DOGE price?

Published 04/20/2023, 04:44 AM
Updated 04/20/2023, 06:20 AM
© Reuters
DOGE/USD
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The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market.

On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year's bottom. But, despite its impressive rebound, its price is still 88% below its all-time high of $0.76 set in May 2021. Thus, the DOGE/USD pair remains far from establishing a decisive bullish reversal on longer timeframes.

DOGE/USD three-day price chart. Source: TradingView

DOGE price technicals

DOGE/USD weekly price chart. Source: TradingView
DOGE/USD weekly price chart. Source: TradingView

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