DOGE: Overbought at Resistance

DogeCoin (DOGE) technical analysis:

Trade setup: Trends are mixed but improving. On the positive note, price has regained the $0.06 key level and rallied to $0.07 resistance area, which is also a 200-day moving average. Near-term, it appears overbought (RSI > 70), so we could see some profit taking. Price really needs to break above 200-day moving average ($0.07) to confirm an Uptrend.

Trend: Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.

Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).

Support and Resistance: Nearest Support Zone is $0.060, then $0.053. The nearest Resistance Zone is $0.070 then $0.100.
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