Bitcoin's Rebound May Not Be Over Yet If This Key Level Holds, Experts Warn

Dogecoin Parabolic: If This Support Holds, Analyst

Dogecoin has been on a tear lately, with its price surging by over 300% in just the past month. And according to one analyst, the cryptocurrency's parabolic rise could continue if it can hold onto a key level of support.

The analyst, who goes by the handle "CryptoPup" on Twitter, notes that Dogecoin's price has been trading in a tight range between $0.002 and $0.003 for the past few weeks. And if the cryptocurrency can hold onto the lower end of that range, it could be a sign that the bull run is far from over.

"If Dogecoin can hold onto the $0.002 support, I think we could see a parabolic move higher," CryptoPup tweeted. "The momentum is strong and the community is getting behind DOGE. If we can get past this key level of resistance, I think we could see some serious gains."

Dogecoin's parabolic rise is largely being driven by its growing popularity among cryptocurrency enthusiasts and its increasing adoption by merchants and consumers. The cryptocurrency has also been the subject of several high-profile promotions and giveaways, which have helped to drive its price higher.

In the past few weeks, Dogecoin's price has surged by over 300%, with the cryptocurrency trading at around $0.003 at the time of writing. And according to CryptoPup, the cryptocurrency's parabolic rise could continue if it can hold onto the $0.002 support level.

"If Dogecoin can hold onto the $0.002 support, I think we could see a parabolic move higher," CryptoPup tweeted. "The momentum is strong and the community is getting behind DOGE. If we can get past this key level of resistance, I think we could see some serious gains."