Doge cools down according to Twitter hype and falls 9 %every day? (Dogecoin price analysis)

Doge cools down according to Twitter hype and falls 9 %every day? (Dogecoin price analysis)

After Twitter changed his logo to that of Dogecoin, the price rose by 36 %, but it still remains under an important resistance.

Important support levels: 0.07 $

Important resistance level: 0.11 $

Elon Musk did not disappoint and kept his promise to change the logo of Twitter if he should acquire it. Doge recovered strongly due to this message, but not as strongly as expected, since the price has not yet broken the resistance at 11 cents. Elon has to do more. The key support is 7 cents.

Diagram of TradingView

trade volume: The purchase volume exploded in the Twitter messages, but since then the sellers have dominated and put dog into a correction.

rsi : The day-RSI was overbought for a short time and has corrected since then. As long as it stays over 50 points, the tendency is bullish.

macd : The day macd is bullish, but the histogram forms lower highs. This withdrawal could be healthy in view of the recent price increase.

Diagram of Tradingview

bias

The tendency for Doge tends up.

short-term prediction for the Doge Prize

Despite the full weight of Twitter behind Dogecoin, the price did not rise as much as in the past when similar tips occurred. This is a little surprising. Nevertheless, the tendency remains in the interest rate, and a test of the 11-cent resistance could take place.

.