On April 3rd, the price of #Dogecoin experienced a significant surge in response to the temporary change of the Twitter logo from a bluebird to the face of the beloved Dogecoin, ultimately triggering a five-month-long falling wedge pattern.
#DOGE has experienced a significant surge of over 27%, successfully surpassing the $0.08500 resistance level. However, in order to maintain this upward momentum in the short term, DOGE must exceed the $0.10000 level.
The price of Doge has recently found a robust support level around the $0.08000 mark. Following this, Doge has formed a solid foundation and has begun a significant upward trend, surpassing the $0.08500 resistance level. The coin has also broken through the $0.09000 resistance levels, indicating a positive market sentiment.
The pair has successfully surpassed the resistance zone of $0.09400, and the price breached the major levels of $0.1000 and surged towards $0.10500. A new high has been established at approximately $0.10500, but the price is currently undergoing a correction. As of now, the Doge price is trading above $0.10000 and the 21 hour simple moving average.
Firstly, there is an immediate resistance level at $0.1050. Beyond this, the first substantial barrier is formed at the $0.1080 level. However, the major resistance is currently formed at $0.1120. Should the price manage to break through the $0.1300 level, it is likely that we will see a rapid increase in value. In this scenario, it is possible that the price may gradually rise towards $0.1520.
If the price of DOGE fails to surpass the $0.1050 mark, it is likely to experience a decline. However, there is immediate support at $0.1000. If this level is breached, it could indicate the start of a new drop towards $0.09400. In the event that the price falls below this level, it may test the $0.08900 mark.
KEY LEVELS :
RESISTANCE LEVEL : $0.1050-$0.1100
SUPPORT LEVEL : $0.09500-$0.09000
Disclaimer: #crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.