$DOGE Ready for New Gains

The DOGE/USD daily chart suggests a sustainable rally is likely. In particular, the Super Trend indicator supports the bullish outlook. At the time of writing, its green line is below the price.

The Super Trend indicator monitors the main direction and strength of the asset price trend. It draws a green line during uptrends and a red line during downtrends. When the green line is below the asset price, as it is now, it is bullish and suggests that the rally may continue. The MACD indicator is also showing a significant bullish bias. At the moment, its MACD line (blue) is above the signal line (orange). This relative position of the lines indicates a bullish trend. It suggests that the positive momentum may continue to push the price higher.$ACT $PNUT