DOGEUSDT - A retest of resistance during a bullish trend

May 13

DOGEUSDT tested the 0.10600 support level as part of a medium-term correction and resumed its upward trend. The market is testing an intermediate trigger ahead of a potential rally.

Meanwhile, Bitcoin is gaining strength and supporting the local altcoin bull market. The flagship cryptocurrency has maintained an uptrend since late March.
DOGE is forming its third retest of the 0.1128 resistance level. Consolidation above 0.112 offers a chance for a breakout attempt. A close above the range’s resistance could trigger a move toward 0.1165

Resistance levels: 0.1128, 0.1165
Support levels: 0.112, 0.11125

A breakout above resistance could trigger continued growth. Locally, the market is influenced by bullish sentiment. Globally, we previously discussed the medium-term structure of the altcoin; after months of consolidation, DOGE may transition into a bullish trend

Best regards, R. Linda!

May 14

Trade active

May 14

Trade closed: target reached