Deciphering the Daily Chart of Dogecoin (DOGE)!

Jul 22

The daily chart has built a bullish pattern, precisely the falling wedge and a breakout has popped out from the upper border. It has sparked bulls’ presence from $0.09733 and has surpassed $0.12826 on the daily chart.

The rally appears to be in the process, and a momentum contingent on buyers' interest could lead to more than 50%on the daily charts.

The indicators, at a glance, display that the MACD moved above the zero line with histogram at 0.00388, dynamic resistances of EMA bands have been breached, which now backs the price of DOGE, and RSI flashed at 62.93, signifying the bull's presence.

Therefore, if the sustenance on $0.12826 gets followed by the bulls' interest, the nearest resistance would be at $0.1747, and $0.22562, respectively.

However, if DOGE loses traction on the $0.12826, the deterioration could stretch toward the $0.09733 and $0.05729 levels.