🚀Attention BTC enthusiasts! Dogecoin (DOGE) is showing strength and seems determined to make new yearly highs. Let's dive into a few technical indicators that might provide insights into why DOGE's price is up today. 📈
1️⃣ New Yearly High Imminent: Buyers came in strong at the $0.13 support, pushing the price into a sustained uptrend that looks ready to test the key resistance at $0.21. If successful, DOGE will make a new yearly high, potentially unleashing even more buying pressure. 💪
2️⃣ Buyers Rush to the Key Resistance: Sellers are absent, unable to stop this rally. DOGE took full advantage and appears determined to break the $0.21 resistance. With strong momentum, the continuation of this price action is likely. 🌊
3️⃣ MACD Bullish Cross Confirmed: This week, the daily MACD crossed on the bullish side, with the histogram making higher highs. It seems this rally could only be starting, and sellers may only appear much later once the price approaches $0.30 if the current resistance falls. 🎯
Stay tuned for more exciting updates in the world of crypto! 🌐
