DOGE Technical Analysis: Can Dogecoin Rise 40% To Test 200-day EMA?

DOGE coin price shows a discount of 85% from the all-time high level of $0.7315 as the resistance trendline influences bearishness. Key technical points: DOGE price surpasses the $0.10 mark. However, Memecoin struggles to surpass the long-coming resistance trendline. The 24-hour trading volume of Dogecoin is $517 Million, marking a 9.50% rise. Past Performance of DOGE DOGE coin price shows a long-coming downtrend in action resulting in a highly bearish resistance trendline that has crushed multiple bullish attempts. The downfall accounts for a 65% discount resulting in lower high formations under the trendline influence. However, the $0.10 breakout teases the trendline breakout possibility. Source-Tradingview DOGE Technical Analysis DOGE coin price forms a falling wedge pattern with a new-coming descending support trendline indicating a breakout shortly, as the price bottles up the pattern. Hence, an entry opportunity to capture the upcoming. The multiple failures to sustain above the 50-day EMA after the death cross-promote the downtrend continuation. However, the 50-day EMA breakout could result in a price jump to the 200-day EMA, accounting for a 40% surge. RSI Indicator: The RSI slope reflects an end of the long-coming downtrend with a spike above the center mark and the 14-day SMA. Moreover, the bullish commitment is evident with the bullish divergence breakout. MACD Indicator: The MACD and signal end the downtrend after ...