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07.02.202508:16 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 07, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 07.02.2025 analysis

If we look at the 4-hour chart of the Doge cryptocurrency, it appears that the Failing Wedge and Bullish 123 patterns have appeared, so based on these two clues, in the near future Doge has the potential to appreciate upwards where this cryptocurrency will try to test to break and close above the level of 0.30005 if this level is successfully broken upwards then Doge will continue to strengthen again to the level of 0.32750 and 0.34781 if the momentum of strengthening and volatility support, especially tonight there is the release of US Non Farm Payrolls & US Unemployment Rate, even so, please also pay attention to the level of 0.21493 because if this level is successfully broken, especially if Doge successfully closes below this level, all the strengthening scenarios that have been described previously will be invalid.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

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