Amid positive trade news, Dogecoin has recovered and surpassed the $0.17 mark, driven by hopes for improved US-China relations.
Dogecoin Price Recovery
Dogecoin price increased by 11.96%, reaching the $0.19 range. This follows China's announcement to begin negotiations on new trade terms with the US at the International Economic Forum in Switzerland.
Growing Market Optimism
Positive market sentiment, linked to expectations of easing the trade conflict between the US and China, has favored digital currencies like Dogecoin, leading to price growth and increased trader activity.
Technical Signals for Further Growth
Four-hour price analysis of Dogecoin indicates the formation of a bullish falling wedge. Technical indicators such as MACD and RSI also point towards potential price rises. Additionally, signals of possible short liquidations may contribute to further price increases.
With prevailing trends and positive fundamental factors, Dogecoin stands a chance for further growth and reaching new price levels.
