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Dogecoin [DOGE] bulls open the floodgates: Can March losses be reversed

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinionMeasured from the swing low at $0.0625, Dogecoin [DOGE] has made gains of close to 25% within the past five days.

The sentiment across the crypto sphere was bullish following Bitcoin’s [BTC] sharp breakout past the $22k region on Monday.Read Dogecoin’s [DOGE] Price Prediction 2023-24Bitcoin’s surge past $25.2k resistance on Tuesday meant it, too, had a strong bullish bias going forward.

Dogecoin bulls might have to be wary- such a strong pump could see a large retracement before the next leg.Source: DOGE/USDT on TradingViewThe bearish breaker on the daily timeframe was breached in the opposite direction as Dogecoin reversed in dramatic fashion.

The trading volume was high on the way up for DOGE, and the indicators also flashed bullish signals.The Awesome Oscillator was above the zero line and climbing, and showed intense bullish momentum.

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