DOGE/USD shows strong recovery as the meme coin rebounds with nearly 5% gains, signaling renewed bullish momentum in the crypto market.
Technical indicators suggest a potential continuation of the upward trend, with key resistance levels poised for testing in the coming days.
According to CoinStats, the recent correction was brief, and DOGE’s price action remains optimistic, with analysts highlighting the importance of weekly candle closures for midterm direction.
DOGE/USD surges nearly 5%, breaking resistance levels and indicating a bullish trend continuation, with key technical signals supporting further upside potential.
‘,
‘
🚀 Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!
‘,
‘
📈 Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!
‘
];
var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();
The Dogecoin (DOGE) market has demonstrated a notable recovery, with prices climbing approximately 5% in a single day. This rebound follows a short-lived correction phase, as reported by CoinStats, which confirms that most cryptocurrencies have returned to positive territory. The hourly chart reveals a persistent bullish sentiment, with the price approaching critical resistance levels. Should the daily candle close above these points, traders can anticipate a potential rally toward the $0.19 zone and beyond.
Examining the price action on a broader timeframe, DOGE’s upward trajectory is reinforced by yesterday’s bullish daily close. Market participants are closely monitoring the resistance levels, as a successful breakout could trigger further buying interest. Conversely, failure to surpass these levels may result in consolidation or minor pullbacks. The weekly candle closure remains a pivotal factor for midterm investors, as a long wick on the weekly chart could signal a shift in momentum favoring the bulls, potentially driving prices to test the $0.20 mark.
‘
];
var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();
Source: https://en.coinotag.com/doge-shows-potential-for-further-gains-amid-bullish-signals-and-resistance-tests/