Rotuma

Dogecoin could be setting up for a breakout to the upside.

BITTREX:DOGEUSD   Dogecoin
Dogecoin's volatile trading week is trending downwards but currently holds above the 200 MA line in blue, which acts as excellent support.

The previous attempts to break to the upside at 0.25136 failed but bounced back at the 200 MA line and might repeat. The key estimated levels are around 0.25136, a potential breakout point to the upside and 0.24121, a major support level which could be the deciding point where Doge could either bounce and head back up or continue to the downside.



Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.