$DOGE Trading Analysis 🐶🦴
👀 Key Points to Watch:
• #DOGE #COIN recently turned up from the 50 day Simple Moving Average (SMA) at $0.15, indicating strong bullish defense at that level.
• The bulls’ next target is the overhead resistance at $0.18. A breakout and close above this level could pave the way for a #potential rally to $0.21.
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🐻 Bearish Scenario:
• If the price reverses from $0.18, it suggests bearish activity at higher levels. In that case, $DOGE may remain range-bound between $0.18 and the 50-day SMA for some time.
• A break below the 50-day SMA would favor the bears, potentially pushing the pair toward $0.14.
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Overall Outlook:
Despite any short-term corrections, there’s a high likelihood that $DOGE will rise again. The larger-scale bullish sentiment remains intact, and a pause after recent gains is expected.
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Source : Stormgain, TradingView
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