Dogecoin Price Chart Analysis: Ready to Fly?

Doge/USD has started moving upwards again after recent correction and consolidation.

On the Allegator channel, the mouth has started opening and it may get bigger. Also, it has entered into another parallel channel after correction and is currently at the bottom of the lower support base.

Dogecoin Price chart

RSI chart is on 71 which shows strong momentum.  If the trend continues, the price may move higher. The trend seems to be bullish.

The price may touch eventually $0.35 in the future which was the last peak.

Also Read:  Dogecoin vs Bitcoin: The Key Differences and Which One You Should Buy


Vikash Kumar

An investor with more than 15 years of experience in the market. I m deeply interested in positional and momentum-based trading strategies and love learning strategies and backtesting.

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