Bitcoin Halving and Dogecoin Day are Celebrated Simultaneously.

While positive signals are observed in Dogecoin prices, it appears that the cryptocurrency is facing resistance at the 100-day and 50-day SMA levels. Breaking these resistances could push the price of Dogecoin to the psychological threshold level of $0.20.

If Dogecoin fails to surpass the $0.2 level, the rising wedge formation may become invalid and prices could decline to $0.1278. In this case, it seems likely that the psychological threshold of $ 0.1000 will be reached.

*Dogecoin is known to have gained a strong following since its launch.

*The fact that the Bitcoin halving event and Dogecoin Day coincide on the same day is an important development for both cryptocurrencies.

*Potential bullish and bearish scenarios should be considered as critical thresholds for investors.

*Psychological resistance levels can play an important role and have an impact on investor decisions.

As a result, Dogecoin and Bitcoin big days are of great importance for the cryptocurrency market and investors need to be prepared for such events. While both cryptocurrencies offer interesting investment opportunities, technical indicators and market sentiment are critical in this process.

$BTC $DOGE