The DOGE Technical Analysis shows a selling opportunity as the retest of the broken support trendline warns of bearish trend continuation. The DOGE price action shows a retest phase of the broken support trendline within a range, reflecting a growing bearish influence. However, the possibility of a morning star-led bull cycle rising above the broken trendline to reach $0.067 warns Dogecoin sellers. So, should you avoid booking profits this early? Key Points: The Dogecoin price action shows higher price rejection in the daily candle, reflecting a post-retest reversal chance. A bearish trend continuation might break the crucial support level of $0.057. The intraday trading volume in Dogecoin is $242 million. Source – TradingView DOGE Technical Analysis As mentioned in our previous analysis, the increased bearish influence led to a breakout of a rising support trendline. The breakout rally forms a Doji at the bottom support of $0.057 and teases a morning star to restart the bull cycle. Currently, the daily candle shows a 0.35% jump, but the higher price rejection from the broken trendline warns of a post-retest reversal. However, the spike in trading volume makes a strong bull cycle possible as the buying pressure increases. If the selling pressure increases, the Dogecoin market price will drop to $0.057, teasing a breakout rally to $0.052. Conversely, if the bullish momentum increases, a reversal will dump the DOGE prices to $0....
