THELOGICALINDIAN - Dogecoin remained able and it rallied added aloft 05000 adjoin the US Dollar DOGE surged over 50 and it traded to a new alltime aerial aloft 06500
Dogecoin Rallies To New ATH
Yesterday, we discussed the affairs of added assets in dogecoin aloft the $0.5000 attrition zone. DOGE did accretion clip aloft the $0.5000 resistance, outpacing bitcoin and ethereum.
It surged over 50% and it alike austere the $0.6500 level. A new best aerial is formed abreast the $0.6793, with a bullish angle. It is now trading able-bodied aloft the $0.5000 area and the 100 simple affective boilerplate (4-hours).
An antecedent abutment is abreast the $0.6200 level. The aboriginal key abutment is abreast the $0.6050 level. It is abutting to the 23.6% Fib retracement akin of the contempo billow from the $0.3618 beat low to $0.6793 high. If there is a downside breach beneath the $0.6000 support, the amount could actual further.
The capital abutment is basic abreast the $0.5200 and $0.5000 levels. The 50% Fib retracement akin of the contempo billow from the $0.3618 beat low to $0.6793 aerial is additionally abreast $0.5200. Moreover, there is a key bullish trend band basic with abutment abreast $0.4800 on the 4-hours blueprint of the DOGE/USD pair. Any added losses could accessible the doors for a move appear the $0.4000 level.
More Gains in DOGE?
If DOGE amount charcoal abiding aloft the $0.6000 support, there are affairs of added gains. An antecedent attrition on the upside is abreast the $0.6750 level.
The aboriginal aloft attrition is abreast the $0.7000 level. Any added assets aloft the $0.7000 area could animate the beasts to aim a analysis the important $1 level.
Technical Indicators
4-Hours MACD – The MACD for DOGE/USD is now accepting drive in the bullish zone.
4-Hours RSI (Relative Strength Index) – The RSI for DOGE/USD is now in the overbought zone.
Major Support Levels – $0.6500, $0.6050 and $0.6000.
Major Resistance Levels – $0.6750, $0.7000 and $0.8000.
