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Cryptoknowmics 2022-07-05 19:55:26

DOGE Technical Analysis: DOGE/USD Pair Set to be Bullish for the Next 24 Hours

Key technical points: DOGE technical analysis shows positive price trends. DOGE/USD found resistance at $0.70 On the downside, support is at $0.65. Past Performance of DOGE DOGE technical analysis indicates that the cryptocurrency will continue to surge in price soon. The past performance of DOGE is also indicative of this fact. The coin has gained over 8% in the last 24 hours. The current market conditions are ripe for investment in DOGE. Investors looking to enter the market should do so with caution as the cryptocurrency is highly volatile. Those already invested should continue to hold onto their positions and wait for the price to reach new highs. Source- Tradingview DOGE Technical Analysis The DOGE prices have surged in the past 24 hours by 8%. The prices were trading at $0.65 and found resistance at $0.70. The next target for the bulls is $0.80 levels. If the price breaks below this level, it could fall to $0.50. Given the positive price trends, the current market conditions are ripe for investment in DOGE. The SMA 50 and 200 trend upwards, indicating a bullish market. The MACD (Moving Average Convergence Divergence) is also in the positive territory indicating that the prices are likely to surge soon. The RSI (Relative Strength Index) is currently at 68 levels, indicating that the prices are overbought. Upcoming Trend If the prices continue to surge, we expect the next level of resistance to be at $0.80.The post DOGE T...

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