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.
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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.