cryptodailyuk

Will DOGE use the energy visible on the CHOP indicator to increa

BINANCE:DOGEUSDT   Dogecoin / TetherUS
Hello everyone,
let's do a quick overview of the DOGE / USDT chart on the 1D interval.
As you can see, the price is still below the downward trend line, but we are in a place from which the price has rebounded several times.
It is worth noting that the price is just above the support at $ 0.1406, while the next support is at $ 0.1316 and $ 0.1203.
Looking at the throne of resistance, it is worth setting the closest resistance that we have to overcome for further increases, among others, the first resistance is at $ 0.1451 and the next two at the price: $ 0.1503 and $ 0.1548.
The CHOP indicator shows a large amount of energy, using it to increase the price would give us another rebound in the price.

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.