Dogecoin rebounded strongly after a pullback as expected in the early morning. However, unfortunately, it still has not stood above 0.183.
After the US stock market opened, there was a brief decline. The view remains the same as before; after facing pressure at the upper levels in the short term, the bulls did not continue to exert force, and the market has shifted to a high-level consolidation. The short-term bull-bear dividing line is 0.17.
In terms of pattern, after breaking the small upward channel, the potential head and shoulders top is still missing a right shoulder. Therefore, when testing the 0.183 resistance again in the future, it will be particularly important.
Several key positions to pay attention to
Support positions
First position 0.17-0.168
Second position 0.161
Third position 0.154
Resistance positions
First position 0.183-0.185
Second position 0.193
Third position 0.2
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