Welcome to this quick DOGE/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Dogecoin (DOGE) UPDATE :-
Dogecoin (DOGE) was a notable gainer in today’s session, as the meme coin rebounded following recent losses.
So far this week, DOGE/USD has been trading around a floor of $0.0580, however prices rallied beyond that point today.
The world’s tenth largest cryptocurrency rose to a high of $0.06068 earlier today, as bulls seemingly have their sights set on a resistance point.
Looking at the chart, this ceiling is the $0.0620 mark, which was last hit ten days ago, on October 10.
Currently, the 14-day relative strength index (RSI), has reached a resistance level of its own, and is currently tracking at this point of 47.50
Should dogecoin bulls intend to take prices higher, we would first need to see a breakout of this current hurdle.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
I have tried my best to bring the best possible outcome in this chart.
Dogecoin (DOGE) UPDATE :-
Dogecoin (DOGE) was a notable gainer in today’s session, as the meme coin rebounded following recent losses.
So far this week, DOGE/USD has been trading around a floor of $0.0580, however prices rallied beyond that point today.
The world’s tenth largest cryptocurrency rose to a high of $0.06068 earlier today, as bulls seemingly have their sights set on a resistance point.
Looking at the chart, this ceiling is the $0.0620 mark, which was last hit ten days ago, on October 10.
Currently, the 14-day relative strength index (RSI), has reached a resistance level of its own, and is currently tracking at this point of 47.50
Should dogecoin bulls intend to take prices higher, we would first need to see a breakout of this current hurdle.
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
