Dogecoin in focus: what is behind the current movement?
Dogecoin (DOGE) is once again attracting traders' attention, testing key resistance levels. The price is currently holding around $0.17, which aligns with the VWAP, and has encountered the RSI (120) mark in the 54-57 zone, which may indicate resistance to growth.
Key levels and scenarios
1. Resistance at $0.17 – overcoming this mark may signal the continuation of the upward trend.
2. Unachievable target $0.24 - $0.27 – a breakout at $0.17 opens the path to this zone, attracting new buyers.
On a pullback, DOGE is likely to return to support at $0.1063.
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