Can DOGE continue its upward trend? Technical analysis brings enlightenment
DOGE has performed strongly recently, with prices steadily breaking through the $0.1320 mark and expected to rise further above $0.150.
Positive factors:
Dogecoin prices have risen above the $0.1320 resistance and the 100-hour moving average, showing upward momentum. Technical indicators are bullish, with both MACD and RSI showing an upward trend. A key upward trend line is formed on the hourly chart, providing support for prices.
Potential resistance:
Dogecoin prices face two resistance levels of $0.1420 and $0.150. If the rise is blocked, the price may fall back to around $0.1365 to seek support.
Comprehensive analysis:
Dogecoin has seen a gratifying rise recently, but whether it can continue depends on whether the price can break through the two key resistance levels of $0.1420 and $0.150. Investors can pay attention to the following points:
Price breakthrough: If the price of Dogecoin can effectively break through the resistance levels of $0.1420 and $0.150, it may further rise to $0.1650 or even higher. Pullback strength: If the price falls back, it is necessary to pay attention to whether the two support levels of $0.1365 and $0.1320 can be maintained. Falling below $0.1280 may trigger further declines.
