$DOGE has seen a notable 5.146% increase in the last 24 hours, indicating bullish momentum.
The price oscillated between 0.1775 and 0.18731, with current levels approaching resistance at 0.18731.
Bollinger Bands suggest moderated volatility; with upper and lower bands near 0.1877 and 0.1767, respectively.
Support at 0.17776 remains crucial for maintaining the uptrend.
While Bitcoin's influence is currently undefined, macroeconomic factors like inflation and regulation could sway market sentiment.
Traders might consider a short-term approach to capitalize on volatility, given the price's proximity to resistance.
Key takeaway: Stay alert for potential retracements around resistance, while monitoring macroeconomic signals that could reshape momentum.
