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DOGEUSDT - Consolidation ahead of rally to ATH $0.7400

2024-12-07 10:07 CRYPTO forecast

💡 Ideas For #DOGEUSDT 🐶

📈 Consolidation ahead of rally to ATH $0.7400

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DOGE is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH

Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer

Resistance levels: 0.45, 0.463, 0.48

Support levels: 0.422, 0.400

Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH

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