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DOGE → The bulls are overcoming resistance. Trend change?

2024-07-23 09:43 CRYPTO forecast

💡 Ideas For DOGEUSDT 🐶

📈 DOGE → The bulls are overcoming resistance. Trend change?

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DOGE is breaking trend resistance and on W1 the bulls have kept the price above the risk zone. Prospects are emerging for a possible rally...

snapshot

The 0.1-0.05 area is the bottom of the market. Strong accumulation is forming in this area. The price left it back in the spring, but the recent retest showed that the bulls are not ready to let the price beyond 0.106, which generally determines the medium-term prospects.

On D1, the price is breaking the trend resistance of the Wedge pattern, forming a small rally to 0.1437. If the bulls hold their positions and defenses above 0.126 - 0.1200, the market will retain its bullish phase, thus we can soon see a breakout of the local high with a subsequent rise to ATH

Resistance levels: 0.1437, 0.1657

Support levels: 0.126, 0.12

There is no fundamental analysis, but technically there are good prospects. Various services are showing a spike in whale activity in DOGE, which could signal as increased interest. I expect a positive outcome from the bulls with a subsequent rally to the zones of interest

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