#Dogecoin (DOGE) price has remained below $0.1800 for over a month, suggesting potential for a strong rebound and a fresh rally.
Over the last seven days, DOGE's price has exhibited sideways movement, indicating consolidation.
On the daily chart, DOGE is currently trading within a triangle pattern, finding support from a trendline.
After experiencing a three-day decline, DOGE formed a Spinning Top Black Pattern.
According to Coingabbar Analysis, If bulls manage to breach the upper trendline, it could lead to a monthly close above the local highs at $0.2000.
Conversely, if bears breach the support level, it may cause DOGE to drop as low as $0.1200.
KEY LEVELS :
RESISTANCE LEVEL : $0.17500-$0.20000
SUPPORT LEVEL : $0.14000-$0.12000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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