koinmilyoner
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Bullish
Dogecoin Breaks Key Resistance—$1 DOGE?
Dogecoin fell 4% today to $0.4334 while the crypto market lost 2.5% in 24 hours.
This decline aside, DOGE is up 5% in a week, 105% in a month, and 325% in a year.
The token had broken over the crucial resistance level of $0.46 before this morning's decline, but its retreat back near $0.43 implies we may have to wait before it clears this level.
With Dogecoin still one of the top meme currencies to monitor post-Trump, the wait may not be long.
Dogecoin Breaks Key Resistance—$1 DOGE?
DOGE's chart indicates selling pressure like many other tokens today, but it could recoup later in the week.
Its purple RSI reached 30 in the previous hour, indicating overselling.
We may not see a comeback until the 30-period average (orange) slips below the 200-period (blue), at which time overselling will be excessive.
When it goes too far, Dogecoin's lowered price will attract purchasers who want to buy the plunge.
The dearth of whale buying in the last week suggests it lacks the momentum to reach $0.50.
Despite profit-taking and uncertainty, DOGE has held constant at $0.43, which is good.
Dogecoin's stability around this level has kept traders optimistic, with some holders and experts forecasting a surge to $1 and beyond shortly.
In the following week, it may hit $0.50 before closing the year at $0.55.
#DOGE #AltSeasonBoom? $DOGE
Dogecoin fell 4% today to $0.4334 while the crypto market lost 2.5% in 24 hours.
This decline aside, DOGE is up 5% in a week, 105% in a month, and 325% in a year.
The token had broken over the crucial resistance level of $0.46 before this morning's decline, but its retreat back near $0.43 implies we may have to wait before it clears this level.
With Dogecoin still one of the top meme currencies to monitor post-Trump, the wait may not be long.
Dogecoin Breaks Key Resistance—$1 DOGE?
DOGE's chart indicates selling pressure like many other tokens today, but it could recoup later in the week.
Its purple RSI reached 30 in the previous hour, indicating overselling.
We may not see a comeback until the 30-period average (orange) slips below the 200-period (blue), at which time overselling will be excessive.
When it goes too far, Dogecoin's lowered price will attract purchasers who want to buy the plunge.
The dearth of whale buying in the last week suggests it lacks the momentum to reach $0.50.
Despite profit-taking and uncertainty, DOGE has held constant at $0.43, which is good.
Dogecoin's stability around this level has kept traders optimistic, with some holders and experts forecasting a surge to $1 and beyond shortly.
In the following week, it may hit $0.50 before closing the year at $0.55.
#DOGE #AltSeasonBoom? $DOGE
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