#Dogecoin ($DOGE) technical analysis:
Trends are mixed. It’s consolidating in a Sideways Channel ($0.13 – $0.20).
Swing traders/traders can enter near support level of $0.13 and exit near horizontal resistance of $0.20 for a +50% gain. Stop Loss (SL) level at $0.12. (set a price alert).
Trend Traders need to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend.
Swing Traders can trade the range – Buy near Support and Sell near Resistance.
Over all trend Neutral on Medium-Term basis and Uptrend on Short- and Long-Term basis.
Support and Resistance:
Nearest Support Zone is $0.130 and $0.110. The nearest Resistance Zone $0.200 and $0.250.
