Dogecoin (DOGE) price has remained below $0.1800 for over a month, suggesting potential for a strong rebound and a fresh rally.
Over the last seven days, DOGE's price has exhibited sideways movement, indicating consolidation.
On the daily chart, DOGE is currently trading within a triangle pattern, finding support from a trendline.
After experiencing a three-day decline, DOGE formed a Spinning Top Black Pattern.
According to Coingabbar Analysis, If bulls manage to breach the upper trendline, it could lead to a monthly close above the local highs at $0.200.
Conversely, if bears breach the support level, it may cause DOGE to drop as low as $0.1200.
KEY LEVELS :
RESISTANCE LEVEL : $0.17500-$0.20000
SUPPORT LEVEL : $0.14000-$0.12000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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