Doge is faced with a critical decision point, an outbreak can quickly lead to USD 0.3

Doge is faced with a critical decision point, an outbreak can quickly lead to USD 0.3

Dogecoin acts in a symmetrical triangle and approaches his apex and decides on his next direction. At the moment, an interest bully outbreak seems to have higher opportunities than the bear; However, everything can change.

As soon as the resistance has been overcome at $ 0.25, Doge will probably increase in the direction of the next significant resistance areas at $ 0.30 and $ 0.38. Such a train is probably fast and sharp, which is typical of the behavior of the mems.

key support level: $ 0.20

key resistance level: $ 0.25; $ 0.30; 0.38 $

technical indicators

trade volume: The latest trading campaign followed a high trading volume (especially the last day candle). This shows that the bulls have control and that the price will probably rise sharply after a break in resistance.

rsi: the RSI curves upwards, which shows that interest in Dogecoin is increasing.

macd: MacD went through an interest bullish cross on October 1 and has remained in the green since then. Today's price movement reinforced this tendency, which expanded the moving average of the MacD. Another price increase is, as it seems now, the most likely scenario.

bias

bullish. Dogecoin seems ready for further profits and prepares for his next big climb. The indicators and the price movement support this tendency. In addition, the price is about to make a critical decision and reaches the tip of the triangle. Therefore it is likely that there will be an interruption at any time.

short -term price forecast for Dogecoin

In the event of a confirmed interest bully outbreak (over 0.25 USD), we can expect Dogecoin to quickly rise to the next level of resistance at $ 0.30 and $ 0.38. In the bear's scenario, the critical level of support for Dogecoin is $ 0.20

.