Disclaimer: This is not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results.
- DOGE has once again held the major horizontal support at $0.30, and the price has bounced from there.
- Price is attempting a breakout of its main downtrend line, as well as its local downtrend line.
- The key level for the price to reclaim will be the horizontal resistance of $0.35. Beyond that, $0.39 is the main horizontal resistance.
- The RSI is in the middle territory, but it's also now butting up into its moving average, which may become resistance.
- Next Support: $0.30
- Next Resistance: $0.35
- Direction: Neutral/Bullish
- Upside Target: $0.40
- Downside Target: sub $0.30
Cryptonary's take
Again, whilst we're sceptical of a major breakout, we're still watching intently. A breakout for DOGE above $0.35 would likely be mega and give other Alts/memes the fuel to run higher also. DOGE is also now the only major meme that's held its structure (it hasn't broken below key support of $0.30), whereas everything else (major memes-wise) has.If DOGE can recover and break higher, that would be great for other memes. We're sceptical of a major breakout, and we think $0.35 might be a sticking zone for the price, but let's see how this unfolds over the weekend.
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