Given the strength of the support level 0.0875, bullish divergence on the daily RSI indicator and the bullish sentiment that can be seen across the cryptocurrency markets today, Dogecoin cryptocurrency can be expected to rise to the next resistance levels 0.10465 and 0.1160 (monthly high from February).
- Dogecoin reversed from support area
- Likely to rise to resistance levels 0.10465 and 0.1160
Dogecoin cryptocurrency earlier reversed from the support area between the powerful support level 0.0875 (which has been reversing the price from the start of October, as can be seen from the daily Dogecoin chart below) and the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing, which follows the similarly strong candlesticks pattern Bullish Engulfing Bitcoin formed near the same support level 0.0875 start the start of February.
Given the strength of the support level 0.0875, bullish divergence on the daily RSI indicator and the bullish sentiment that can be seen across the cryptocurrency markets today, Dogecoin cryptocurrency can be expected to rise to the next resistance levels 0.10465 and 0.1160 (monthly high from February).
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