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Nobody needs Dogecoin? Dogecoin is a meme-inspired cryptocurr | New Channel

Nobody needs Dogecoin?

Dogecoin is a meme-inspired cryptocurrency that has gained popularity and spawned clones due to circumstances. It should not be taken seriously, but speculation with it is logical.

After last year's drop, the price found support at the ~$0.058 level for the start of consolidation. Another support is the ~$0.079 level. The resistance for the price is two levels, ~$0.109 and ~$0.16.

On the chart, we see a wide range. The price has been consolidating in it since last summer. This trend may continue.

Despite consolidation, there is a chance to see growth in the medium-term perspective along with the market or some tweet from Elon Musk.