- Dogecoin reversed from support zone
- Likely to rise to resistance level 158.00
Dogecoin cryptocurrency recently reversed up from the strong support zone between the multi-month support level 0.1365 (which has been reversing the price from March) and the lower daily Bollinger Band.
The upward reversal from this support zone continues the active minor impulse wave 3 which started from the same support area at the end of November.
Given the strength of the support level 0.1365 and the bullish divergence on the daily Stochastic indicator, Dogecoin currency pair can be expected to rise to the next resistance level 0.1600.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.