Dogecoin (DOGE)
Key points:
DOGE has been pushing hard to reverse the bearish momentum.
However, bulls have been meeting significant resistance at $0.14 level.
What you should know - Dogecoin has been trading within a descending triangle pattern on the daily chart, marked by a consistent downtrend and support around the $0.10 level. Despite recent attempts to break above the descending trendline, DOGE faced resistance near $0.12. At press time, the price hovered around $0.1137, experiencing a 2.52% drop in the last trading session. The volume showed moderate activity, suggesting mixed market sentiment. Awesome Oscillator displayed a mild bullish momentum, but without a strong surge, further gains may be limited. DOGE needs a decisive breakout above $0.12 to challenge higher resistance levels around $0.14. Conversely, if support at $0.10 fails, DOGE could revisit lower levels, potentially near $0.08.
