DogeCoin (DOGE) technical analysis:
Trade setup: Following a bullish breakout from Descending Triangle, price rallied to $0.09 resistance level. Now we wait for price to 1) break above $0.09 to resume uptrend, or 2) pull back near $0.075 support for swing entry.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.075, then $0.055. The nearest Resistance Zone is $0.090, then $0.150.
Trade setup: Following a bullish breakout from Descending Triangle, price rallied to $0.09 resistance level. Now we wait for price to 1) break above $0.09 to resume uptrend, or 2) pull back near $0.075 support for swing entry.
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.075, then $0.055. The nearest Resistance Zone is $0.090, then $0.150.