DOGE, and it's price action, has been something very interesting over the course of this year. Pumping very hard, and consolidating above strong supports, time and time again. Will this time be any different? Nothing is impossible in this market.
If, this truly was not the top, and we continue to consolidate at the 0.47-0.5 cent range, and eventually break and hold that 0.51 cent resistance, then we can think about the 0.60-63 level of resistance. a break up of that area locks in a move to the 0.94 area.
If the price action breaks the lower trend line, and holds price action below that on higher time frames, then, it is likely more pain will follow.
Another thing to note is the RSI levels and how similar they are to each other at these levels. It may be likely we can see price retrace in the same manner to the upside, but only time will tell
If, this truly was not the top, and we continue to consolidate at the 0.47-0.5 cent range, and eventually break and hold that 0.51 cent resistance, then we can think about the 0.60-63 level of resistance. a break up of that area locks in a move to the 0.94 area.
If the price action breaks the lower trend line, and holds price action below that on higher time frames, then, it is likely more pain will follow.
Another thing to note is the RSI levels and how similar they are to each other at these levels. It may be likely we can see price retrace in the same manner to the upside, but only time will tell
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