Cryptoknowmics
2022-07-07 17:51:35

DOGE Technical Analysis: DOGE Breaks Yesterday’s Resistance Level

Key technical points: DOGE technical analysis shows positive price trends. DOGE/USD breaks the $0.070 resistance level. On the downside, support is at $0.062. Past Performance of DOGE DOGE technical analysis shows that the coin has had a relatively good run in the market over the past 24 hours. The price currently trades at $00.69, which has broken the $0.070 resistance level. On the downside, support is at $0.062. If the bulls can push the price above this level, we could see an increase in the price of the coin. The DOGE/USD pair is currently trading at $0.069, and it looks like the bulls are in control of the market. The next resistance levels to watch out for are $0.80 and $0.1. However, if the bears take control of the market, we could see a drop in the price of the coin. Source- Tradingview DOGE Technical Analysis The DOGE prices have surged in the past 24 hours by 3% as the market sentiment turned bullish. The DOGE/USD pair broke out of a descending triangle pattern that was forming on the hourly chart, and this has opened up further upside potential in the near term. The SMA 50 and SMA 200 are trending to the upside, which is a bullish sign. The RSI is currently above the 50 level, indicating that the bulls are in market control. Upcoming Trend If the bulls can maintain the momentum, we could see a move towards the $0.080 and $0.1 levels in the near term. However, if the bears take control of the market, we could see a...

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