😱🚀🚀Countdown in Dogecoin (DOGE): What levels can it see?
#Dogecoin (#DOGE ) has signaled a possible uptrend following a recent breakout of a key level support test.
Popular memecoin $DOGE , which tested $0.15 a few days ago, caught the eye of investors. During these movements, the transaction volume in Dogecoin increased significantly and the deadlines became more active. The MACD indicator (which shows the difference between the price's short- and long-term durability) is currently pointing to slippage resistance. However, the narrowing structure between these lines indicates that the trend may reverse.
Analyst sees a bright future for Dogecoin
The RSI is currently standing at 57.83, indicating the content of a neutral market for DOGE, neither overbought nor oversold. When these factors come together, it seems like buy-side transactions may increase in Dogecoin.
It should be noted that other metrics do not return during this process.
Crypto analyst Altcoin Sherpa shared his analysis of using the Fibonacci indicator in determining critical charts for Dogecoin. Sherpa believed that Dogecoin was able to pull back and consolidate before a stronger upward move. It is suggested that a period of consolidation may pave the way for a more solid rise.
In addition, if Elon Musk, who has been silent for a long time, shares a post about Dogecoin, you can pave the way for big increases. The social media posts of the businessman who supports DOGE, which has been used for a long time, are closely followed.
According to CoinMarketCap systems, Dogecoin's 24-hour transaction volume reached 1.2 billion. Despite a recent decline of 5.26 percent, Dogecoin ranks 8th on CoinMarketCap and is traded in a $19.2 billion market.
