DOGE/USD - Above the pennant. More PUMP incoming! 🤩

٢٩ أكتوبر ٢٠٢١

Similar to Shiba, Doge’s price action this past week was rather intense, particularly on October 27th and 28th. After breaking above the blue pennant, Doge started to rally but was sharply pushed down during a flash crash that took the whole market down on October 27th and 28th. Nevertheless, Doge bounced back with a 46% green candle a day later. Overall, this week Doge rallied 16.9%, which is a very respectful performance.

The current support for Doge can be found at $0.255, and the key resistances ahead are at $0.30 and $0.38. Breaking these levels could propel it in a significant new rally. Yet, at the time of this writing, bulls appear to be weaker on the lower time frames.

The indicators on Doge remain bullish on higher timeframes. This leads to an expectation to see higher price levels in the coming week. Meme coins have performed much better than the overall market lately, and this trend may continue in the future as well. Doge is no different.

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