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William Surberg
Jul 7, 2022
by William Surberg

DOGE Technical Analysis: DOGE Breaks Yesterday's Resistance Level

DOGE technical analysis

Table of contents

  1. DOGE Technical Analysis
  2. Upcoming Trend
Key technical points:

  • DOGE technical analysis shows positive price trends.

  • DOGE/USD breaks the $0.070 resistance level.

  • On the downside, support is at $0.062.

    • Past Performance of DOGE

    DOGE technical analysis shows that the coin has had a relatively good run in the market over the past 24 hours. The price currently trades at $00.69, which has broken the $0.070 resistance level. On the downside, support is at $0.062. If the bulls can push the price above this level, we could see an increase in the price of the coin. The DOGE/USD pair is currently trading at $0.069, and it looks like the bulls are in control of the market. The next resistance levels to watch out for are $0.80 and $0.1. However, if the bears take control of the market, we could see a drop in the price of the coin.

    DOGE technica analysis

    Source- Tradingview

    DOGE Technical Analysis

    The DOGE prices have surged in the past 24 hours by 3% as the market sentiment turned bullish. The DOGE/USD pair broke out of a descending triangle pattern that was forming on the hourly chart, and this has opened up further upside potential in the near term. The SMA 50 and SMA 200 are trending to the upside, which is a bullish sign. The RSI is currently above the 50 level, indicating that the bulls are in market control.

    Upcoming Trend

    If the bulls can maintain the momentum, we could see a move towards the $0.080 and $0.1 levels in the near term. However, if the bears take control of the market, we could see a move back down to the $0.062 level.

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    DOGE Technical Analysis: DOGE Breaks Yesterday's Resistance Level
    William Surberg
    Sergio is a cryptocurrency journalist based in the United States. He describes himself as late to the game, entering the cryptosphere when the price rise happened in December 2017. Having a computer engineering background, living in the United states, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

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