Dogecoin cryptocurrency can be expected to rise to the next resistance level 0.1000 (former support from January).
- Dogecoin reversed from support area
- Likely to rise to resistance level 0.1000
Dogecoin cryptocurrency recently reversed from the support area located between the long-term support level 0.0875 (which stopped the flash market crash in October, as can be seen from the daily Dogecoin below), lower daily Bollinger Band and the support trendline of the daily down channel from November. The upward reversal from this support area stopped the previous minor impulse wave C, which belongs to the weekly ABC correction (2) from last year.
Given the strength of the support level 0.0875, oversold daily Stochastic and he bullish sentiment seen across the crypto markets today, Dogecoin cryptocurrency can be expected to rise to the next resistance level 0.1000 (former support from January).
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