After a one-year-long period of consolidation, the Dogecoin (DOGE) price finally broke out on July 7.
It initially increased by 100% in less than two days but has retraced slightly since.
DOGE Breaks Past Resistance
The DOGE price had been following a descending resistance line since October 2019, when the price reached a high of 37 satoshis. Until yesterday, the price made four
Dogecoin Sees Massive Rally—What’s Next?
Updated by Kyle Baird
In Brief
- DOGE broke out from a long-term descending resistance line.
- There is considerable resistance at 50 and 65 satoshis.
- DOGE/USD is following an ascending support line and facing resistance at $0.0042.
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