MonoCoinSignal

Will market conditions remain favorable?

BINANCE:DOGEUSDT   Dogecoin / TetherUS
DOGE has been up more than 25% in the last 24 hours. The price of this currency, which is placed in a range channel, has reached the top of the channel with the support of buyers, has hit the first resistance range of $0.080, and has been temporarily stopped. A reaction is observed in the lower time frames, where we can expect a short-term correction. But according to the type of upward movement, the correction can be shallow. The main resistance of Dogecoin is considered in the range of 0.085 to 0.095 dollars, which is at the ceiling of the channel range and near the resistance of 0.10 dollars. We expect a correction and a stronger reaction from this area. In general, as long as the market conditions remain favorable, there is a possibility that the Dogecoin price will grow to the $0.100 range.

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