LIVE$DOGE UNSTOPPABLE! ๐ฅ How & What's Next? ๐
Since March 24th, Dogecoin's price increased by 80% and that's not all! Recent days, after the correction, DOGE again recovered by 23% and now looking to break through R1 (0.207 to 210). This rise has been firstly influenced by the involvement of new whales. In fact, 199 million DOGEs have been recently purchased (worth $17.65 million). In addition, if we look at graphic (4hr time frame), DOGE has found support on its EMA 200. So, S1 and S3 are therefore the 2 main supports to watch out in case of a correction. Currently I see 2 scenarios:
Bullish Scenario: ๐
R1 becomes a support and the DOGE's Price heads to 0.22 (R2).
Bearish Scenario
Bearish Scenario: ๐ป
BB (Bollinger Bands) indicate that the asset is overbought and consequently this could lead DOGE's price to retest S4. Personally, I'll evaluate a long entry on S4!
DYOR ๐
