Doge has done well since Elon Musk’s purchase of Twitter for $44 million. Dog coins can be used to subscribe to Twitter Blue, which is the first subscription service. The current price of the coin is $0.13, with a 3.5% drop in the last 24hrs. Volume has dropped by 58% to $1.4bn. The volatile range of the meme coin’s price will remain until the next move.
Doge traded at $0.1394 as of the writing of this article
After making the $0.1065 low, Doge has been trading in an upward trend and is receiving good support from the ‘Rising Trendline. On a larger scale, however, Doge is trading in a ‘Symmetrical Triangle’ pattern. It is currently facing strong resistance around its 200-day Moving Average and the falling higher trendline. Doge will undoubtedly give a breakout on either end of the pattern as the price moves towards its apex. The trend for the asset will then be determined.
Support 2Support 1AssetResistance 1Resistance 2$0.1095$0.122Doge$0.165$0.1805
Bitcoin, Ethereum Cash, and other cryptocurrencies are investments. Bitcoin, Bitcoin Cash, Ethereum, etc. These are highly speculative investments and can be subject to market risk. The author’s analysis is intended to be used as information only and not as investment advice.
28th April 2022 ZebPay
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