After being rejected at the top of the channel, DOGE began to retreat and re-examine the bottom of the channel. It has successfully found support of 0
After being rejected at the top of the channel, DOGE began to retreat and re-examine the bottom of the channel. It has successfully found support of 0.06, sparking discussions among enthusiasts and investors. Some community members pointed out that since finding this support, prices have not experienced a substantial increase, leading to different predictions and analyses.
Currently, observations indicate that DOGE is forming lower price lows and higher relative strength index (RSI) lows. This development indicates that a new bullish divergence may be forming. Some communities are optimistic about this development, believing that as long as DOGE maintains the bottom of the channel as support, this bullish divergence may have a good effect, causing prices to return to the top of the channel over time.
Macro consolidation within the channel
From a macro perspective, DOGE is consolidating within this channel until further notice. Various entities and platforms involved in cryptocurrency trading and analysis closely monitor this integration stage. Discuss the potential outcomes of this merger and its impact on the future value of DOGE. Others are cautiously observing market trends, waiting for clearer signs of recovery before making any predictions or investment decisions.
The possibility of DOE re reaching the top of the channel is a hot topic among people. There are differences in the community, with some expecting positive results from the current developments, while others take a more cautious stance. As DOE moves forward in market volatility, discussions and debates continue to evolve, and many people closely monitor its trends and potential trajectories.
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