Doge has no doubt created a new sector of meme coins in crypto and as the segment leader (despite a brief flipping by SHIB) it looks primed for higher. Mid-Oct breakout from channel and then a re-test of that channel along with a retest of the 50ma. Additionally, the RSI has been bottoming out around the low 40s range that has typically been a good buying opportunity over the past year. The safest entry would be to wait for a green candle closing above the 50ma this week. I wouldn't rule out another test of this level but as long as it continues to hold then it becomes more and more convincing.
Comment:
We broke below the 50ma which was a bad sign, as well as breaking back into the channel.We've since bounce out of the channel with weak volume, but the RSI has managed to hold this mid-40s level which is promising. I am not entering a trade yet on this.