Dogecoin gains new listing on major cryptocurrency trading platform
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This move signifies Kraken Pro's commitment to diversifying its offerings and providing its users with more flexibility in their cryptocurrency trading endeavors.Dogecoin, the eighth-largest cryptocurrency which was initially created as a joke, has evolved into a serious contender in the cryptocurrency world, with a passionate community and widespread recognition.
Introducing new trading pairs generally enhances market liquidity, offering traders more options and, thus, the introduction of the new Dogecoin trading pair remains noteworthy.The DOGE/AUD pair is anticipated to open the door for more individuals to participate in the Dogecoin market.
If the rebound sustains, Dogecoin bulls may attempt to push the price to the overhead barrier of $0.174. This is a key resistance level to watch since a break and closing above it might pave the way for a rally to $0.21.Conversely, if the price falls from current levels, it may indicate that bears are active at these levels. This might keep the Dogecoin price trapped in the range between $0.18 and the 50-day SMA for a while.
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