Is Dogecoin preparing for a big move? The key resistance is 0.1716, and the target is 0.1785!
Although DOGE has been moving sideways these days, with a small drop of 3.95% in a week, the market is not dead, but it is increasingly looking like it is holding back a big move.
From 0.1427 to 0.1677, it is currently stable around 0.1645. The rebound structure is still there, and the accumulation of power is obvious.
The on-chain data is also impressive:
Active addresses have skyrocketed, and users are back
Social media popularity has soared, and emotions are fermenting
These two items are linked to rise, which is usually a prelude to a riot.
From a technical perspective:
Bollinger Bands are narrowing, volatility is compressed
RSI is at 57, and there is still room for overbought
Resistance: 0.1716, if it breaks through, it is expected to hit 0.1785
Support: 0.1617, and the intraday stop loss is recommended to be set at 0.1595
Although the proportion of seller orders is as high as 61%, the bulls have stabilized the range. The direction chosen after this wave of consolidation may be the key to the next round of market.
Do you think the dog will bite directly to 0.18 this time? Tell us your judgment in the comment area
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