DOGEUSDT : DOGE battles key hurdles
Dogecoin bulls need to cross a descending resistance line from February 07 and 21-day SMA, near 0.0585-90, to gain the market’s confidence in witnessing the 0.1000 threshold.
Alternatively, 50% and 61.8% Fibonacci retracement of late January run-up, respectively around 0.0474 and 0.0379, will be the key to stop the DOGE/USD bears ahead of 50-day SMA, at 0.03257 now.
Overall, DOGE/USDT is up for consolidating the wild gained marked a few weeks back. However, bulls shouldn’t be disappointed as fundamentals favor the coin.
Alternatively, 50% and 61.8% Fibonacci retracement of late January run-up, respectively around 0.0474 and 0.0379, will be the key to stop the DOGE/USD bears ahead of 50-day SMA, at 0.03257 now.
Overall, DOGE/USDT is up for consolidating the wild gained marked a few weeks back. However, bulls shouldn’t be disappointed as fundamentals favor the coin.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.