The Dogecoin market has been seeing massive bullishness since the bull market started. This has led to the market rising through multiple resistance levels. The market has continued upward without establishing support at any psychological support level.
#DOGE/USDT Long-Term Trend: Bullish (Daily Chart)
Key Price Levels:
Resistance: $0.3000, $0.3500, $0.4000
Support: $0.2500, $0.2000, $0.1500
The last price candle can be seen retaining a strong bullish characteristic, even after testing the resistance at the $0.3000 threshold. Subsequently, the mentioned price candle can be seen to have retracted off the $0.3000 resistance level. Nevertheless, price action stays far above all the Moving Average (MA) lines. Also, the Stochastic Relative Strength Index (RSI) lines are still rising into the overbought region.
