DOGE has been pumping since yesterday.
This sudden price change doesn't let us find many possible resistance areas. But for now, I can point to the local resistance, which can be broken any hour now, and the solid resistance, which is strong and can potentially push the price back down.
On the other hand, If the prices manage to drop, we have the same situation on the way down. We have a local support level that can hold the price in the price goes down while consolidating. And we have solid support which is strong enough to stop sudden crashes.
The market is showing Strong Buy Volumes for Doge Coin right now, so wait for more confirmations if you're into opening short positions.
Let me know your ideas.
Good luck.
This sudden price change doesn't let us find many possible resistance areas. But for now, I can point to the local resistance, which can be broken any hour now, and the solid resistance, which is strong and can potentially push the price back down.
On the other hand, If the prices manage to drop, we have the same situation on the way down. We have a local support level that can hold the price in the price goes down while consolidating. And we have solid support which is strong enough to stop sudden crashes.
The market is showing Strong Buy Volumes for Doge Coin right now, so wait for more confirmations if you're into opening short positions.
Let me know your ideas.
Good luck.
