The technical prospects of DOGE are still bullish, with several key indicators supporting the continued pump momentum. Cryptocurrency maintains its position above the 50-day Moving Average index.



Current technical indicators:

Fear and Greed Index: 72 (Greed)

Price Volatility: 11.78%

Key support level: $0.30

Major resistance level: $0.34

DOGE is currently trading within a tight consolidation range between $0.30 and $0.34, which are the key support and resistance levels mentioned above. The $0.30 level provides strong support for the bulls, and a break below it could signal a return to bearish dominance, potentially leading to further price declines to $0.20 (a local high in mid-November).

I believe that the bullish trend is more likely to prevail, and DOGE will gradually challenge the consecutive resistance levels:

0.36 dollars: the low points at the end of November and the beginning of December.

0.439 dollars: a local high in November, tested again in December.
DOGE7,96%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)