Dogecoin (DOGE) price surges after 36 days of consolidation, breaking the range.
Dogecoin price is likely to rally 10%, after breaking resistance level of $0.118. On-chain data suggest DOGE investors are accumulating. A daily candlestick close below $0.135 would invalidate the bullish thesis. Dogecoin price surges after 36 days of consolidation, breaking the range. The price action produces higher highs and higher lows, suggesting the exhaustion of bears and bulls taking over.
-day chart Based on IntoTheBlock's In/Out of the Money Map , nearly 89,240 addresses accumulated 7 billion DOGE tokens. These addresses bought the DOGE token between $0.163 and $0.167, which makes it a key support zone. These investors will likely add more to their holdings if the price retraces. The level $0.163 daily support zone mentioned for a technical analysis perfectly IOMAP findings, making a key reversal zone to watch.
chart Despite strong technical analysis and on-chain data, if the DOGE daily candlestick closes below the $0.135 level, it will break the bullish trend line by setting up a lower low. This move could potentially trigger the Dogechain price to crash by 10% and retest the previous support level of $0.118.
Cryptocurrencies Technical Analysis
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dogecoin (DOGE) Creator Breaks Silence on Big DOGE AnnouncementDogecoin's recent price surge sparks speculation about potential game-changing developments for DOGE
Read more »
Dogecoin (DOGE) Creator Breaks Silence on Dogecoin ETFBilly Markus, one of creators of Dogecoin, reveals his real reaction to potential emergence of Dogecoin ETF
Read more »
26 Little Additions That Will Make A Huge Difference In Your Makeup RoutineYou're already a 10/10, but with these little things, you're an 11/10.
Read more »
Dogecoin Price Prediction: Is a Massive DOGE Price Rally in the Making?Crypto Blog
Read more »
Dogecoin’s Price Rally: Here’s How Many DOGE HODLers are Currently in ProfitCrypto Blog
Read more »
Bitcoin (BTC) Price Rally, Dogecoin (DOGE) Advancement, Ripple (XRP) Predictions: Bits Recap May 23Crypto Blog
Read more »