DOGE Sets New ATH as Bulls Takes Over
Dogecoin has had an outstanding year, thanks to the help of Elon Musk DOGE is up over 3000% since the start of 2021. The last couple days have been rewarding for any investors holding the meme coin as it surged past its previous ATH to $0.14.
DOGE had been rising in a bullish ascending channel until today when the bears took control at resistance level of $0.133. Shortly after , the token had found support near $0.11 showing strength is still there. If this support level fails to hold, DOGE risks a fall to major support of $0.08-$0.09.
At the time of writing, the price has tried breaking out of a minor bull flag. This breakout level is met with a minor resistance of $0.125. If the bulls manage to break this level, the key mark for DOGE is $0.133. If this key resistance is broke, expect a new ATH for DOGE. While looking at the Stochastic RSI (orange & blue) we see a reset to oversold conditions is setting up DOGE for another potential run. Confirming this view, the regular RSI (purple) has printed a hidden bullish divergence.
DOGE intraday levels
Spot rate: $0.123
Trend: Bearish
Volatility: High
Support: $0.112
Resistance: $0.125
At the time of writing, the price has tried breaking out of a minor bull flag. This breakout level is met with a minor resistance of $0.125. If the bulls manage to break this level, the key mark for DOGE is $0.133. If this key resistance is broke, expect a new ATH for DOGE. While looking at the Stochastic RSI (orange & blue) we see a reset to oversold conditions is setting up DOGE for another potential run. Confirming this view, the regular RSI (purple) has printed a hidden bullish divergence.
DOGE intraday levels
Spot rate: $0.123
Trend: Bearish
Volatility: High
Support: $0.112
Resistance: $0.125
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