Doge has been doing great since the announcement that Elon Musk bought Twitter for $44 Million. The doge coin can also be accepted for Twitter Blue, the first-ever subscription service. The coin is currently trading at $0.13 with a 3.5% fall in the last 24 hours. The volume has also fallen by 58% now at $1.4bn. Until the next move, the volatile range for the meme coin will continue.
At the time of writing, Doge was trading at $0.1394
Doge after making the low of $0.1065 has been trading in an uptrend and is taking good support at the ‘Rising Trendline’. However, on a broader scale, the asset is forming a ‘Symmetrical Triangle’ pattern and is facing stiff resistance at around its 200 Day Moving Average and the falling upper trendline. As the price moves towards the apex, Doge will inevitably give a breakout on either side of the pattern, and then the trend will be decided for the asset.
|Support 2||Support 1||Asset||Resistance 1||Resistance 2|
Investments in cryptocurrencies viz. Bitcoin, Bitcoin Cash, Ethereum, etc. are very speculative and are subject to market risks. The analysis by Author is for informational purposes only and should not be treated as investment advice.