🚨Dogecoin ($DOGE ): Is a New Move at the Door?
Although Dogecoin has recently followed a horizontal course, technical indicators point to a potential breakout. The price is stuck in the 0.38-0.40 USD range. The RSI value is close to the level of 50, which indicates an unstable mood in the market. However, the narrowing of the Bollinger Bands indicates that a major price movement is approaching.
Market news is also remarkable. Elon Musk's DOGE references on Twitter are one of the factors that can affect price movements in the short term. In addition, the observed increase in trading volume indicates that investor interest may be revived.
Critical levels: The 0.42 USD resistance should be followed in the upward break. Below, the 0.37 USD level stands out as support. In particular, the violation of these levels can give a clearer signal about the direction of the trend.
