menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Dogecoin News

>

Dogecoin S...
source image

Newsbtc

2w

read

414

img
dot

Dogecoin Shows Signs Of Life With Bottoming Signal

  • Dogecoin's daily chart suggests a potential turnaround after a prolonged downtrend.
  • Bullish divergence patterns are evident, indicating buyers may be gaining control.
  • Previous bullish divergences have led to significant price increases in the past.
  • The current structure shows Dogecoin retracing within a descending channel.
  • Key support levels lie around $0.163, $0.142, and $0.139, presenting challenges for bulls.
  • To shift momentum, Dogecoin needs to surpass resistance levels around $0.1826 and $0.172.
  • Further hurdles at $0.247, $0.292, $0.338, and $0.3939 may be encountered on an upward trajectory.
  • Volume is decreasing as price nears support, while the RSI shows signs of improvement.
  • A daily close below the multi-year trendline could invalidate the bullish divergence setup.
  • Downside targets could be the $0.135-$0.13 range and potentially $0.10 in the worst case.

Read Full Article

like

24 Likes

For uninterrupted reading, download the app