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Dogecoin Could Be Set for Major Move Beyond $0.05.

Dogecoin could be on its way to the upside, as AirBaltic, Latvia flagship air carrier, has declared that its clients can pay for flight bookings using cryptocurrencies such as Dogecoin, Bitcoin Cash and Ether.

airBaltic has had a long history of being pro-cryptocurrencies, allowing its clients to pay in cryptos. However, the addition of new cryptocurrency tokens to the market has prompted the company to announce some additions to the list of existing crypto payment tokens accepted on its platform. Dogecoin now makes up one of the 8 cryptocurrencies accepted on the airBaltic web portal. 

Technical Levels to Watch

The pairing between Dogecoin and the US Dollar is trading within a range that has as its floor, the 0.04756138 support and the 0.05701477 as a resistance. Dogecoin price bulls need to register some strong momentum to take out the ceiling of this range. This move would then have some leeway to push towards the 0.06738710 resistance, with the 10 February low serving as a target to the north.

On the other hand, the bears would need a breakdown of the floor to bring in 0.03810798 into the picture, with additional support provided by 0.02464891.

Dogecoin; Daily Chart