Dogecoin fell hard, as a whole market, as a risky asset, due to omicron variant, inflation, and uncertainty when the fed will rises interest rates, tapering bond purchases. The price checked the RSI oversold area and yesterday rebound sharply with a big bullish engulfing candlestick pattern after Elon Musk tweeted that Tesla will accept it as payment for goods. Dogecoin is in the parallel channel, has a support of local line, left to defeat the main resistance line and breakout through the parallel channel upper trendline.