🔥 DOGE Bullish Breakout After 1.5 Years Of Selling

26 באוק׳ 2023

DOGE has generally been trading bearish ever since the May 2021 top of about 0.70$.

As seen on the chart, the price has been bouncing off a stron diagonal resistance and horizontal support area, making a (bearish) triangle pattern.

With Bitcoin's help, DOGE managed to break out through the top resistance with force. I'm considering this the most bullish price action in around a year, which could be the start of a longer-term trend shift.

For now, 0.20$ is my target, stop under the recent local lows.