While most meme coins are still dipping, Dogecoin found solid ground and bounced back. After a 10% surge overnight, it appears highly bullish
Dogecoin price found solid ground and bounced back after a week of drops. Now, it appears highly bullish on the daily chart, starting this week on a strong note.
The price looks strong on the daily chart as it continues to sustain the bullish pattern—the higher high and higher low—initiated from 0.09 in September. It is facing a minor resistance at $0.17.
While the bullish pattern suggests that bigger moves lie ahead, it appears set to retake the mentioned rejected level, recently marked as resistance.
A successful break there should trigger a serious surge above the $0.2 level – where a major rally is expected to take place. If Dogecoin fails to break higher, it may look for close support before resuming bullish.
Doge’s bears are off the market at the moment. They may suffer more losses as demand grows amid the latest surge in volatility. A bigger price movement should be expected!
The post Dogecoin Price Analysis: Surges Overnight, Set to Retest Rejected Level appeared first on CryptoSlate.
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