Is Dogecoin Winking at a Rise? Where is the Critical Level for Price Increase?

Weekend price movements rarely have strong trends, and trading volumes are likely to be lower than on weekdays. This was also the case for DOGE this weekend. Despite the RSI being neutral above 50, the market structure was not in favor of an upward movement.

Dogecoin has been trading within a range (highlighted in yellow) since May. This range extended from $0.069 to $0.075. Additionally, there was a short-term resistance level at $0.074 that Dogecoin bulls have been unable to overcome since May 19th.

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