Price recently broke above the descending channel and cleared the resistance area of $0.000009 (red zone with a lot of volume. Price went for a correction and retest this area and 100- day moving average successfully. Price formed a double bottom around this area and surged almost 20% from there. In addition, the price has consistently found support from the trendline in lower time frames.
After Elon mentioned DOGECOIN in the town hall meeting in Pennsylvania, its price has shot up high. This can be a good sign for other memecoins as well because eventually they follow the trend.
