#BTCBreaksATH
Technical analysis: key levels on the chart of $DOGE .
Between November and April, DOGE formed a descending wedge, a technical pattern that often anticipates bullish breakouts. If the current trend continues, some analysts project that the price could reach $0.50 in the coming months.
💥Resistance levels to watch:
🔸$0.186: immediate resistance, level from which the price retraced in the current session.
🔸$0.200: solid resistance and important psychological level. It has acted as a ceiling several times this year (March 26, April 26, and June 11).
🔸$0.250: major resistance. Its breakout could mark a clear trend change, after being rejected twice in May.
💥Support levels to consider:
🔸$0.178: immediate support, where the price has bounced back on two recent occasions.
🔸$0.160: area of consolidation prior to the breakout, which functioned as support for almost two months.
🔸$0.130 – $0.150: strong support zone, validated by the lows of March, April, and June, within a triple bottom pattern.
The RSI stands at 66 points, indicating that the bullish momentum remains strong and could continue in the short term.