Dogecoin achieved profit of +281% ROIRefer to this image at the time of the falling wedge pattern breakout.
Falling Wedge pattern has formed and breakout above the Pattern. As result, the market started a bullish trend and reached the previous high at the top of the falling wedge pattern and achieving profit of +93% ROI.
Once again, the market has breakout above the first target and is approaching the second target at the 0.5 Fibonacci retracement level, priced at 0.39776 USDT. Overall, the profit in Dogecoin is +281% ROI. This trade is a remarkable achievement through technical analysis.
The "Fibonacci retracement tool" was utilized to identify the 0.5 Fibonacci level by marking the high and low points.
Dogelong
DOGEUSDT at Decider Level Chances for Long are higherTechnical Analysis:
1. Backtesting within 7 days shows that there are no clear patterns in the MACD, RSI, BOLL, and KDJ indicators.
2. Backtesting within 30 days indicates a bearish MACD pattern, specifically a Death Cross. This pattern has occurred 12 times, with a signal accuracy of 25%.
3. The BOLL indicator does not show any specific pattern.
4. The RSI and KDJ indicators also do not show any clear patterns.
Fundamental Analysis:
1. Dogecoin is a meme coin associated with pictures of Shiba Inu dogs and internal monologue captions.
2. The current market cap of Dogecoin is $20,214,071,052, with a total supply and circulation supply of 130,693,998,324 tokens.
3. The current price of Dogecoin is $0.13837, with a 24-hour price change of -1.93% and a 7-day price change of +60.32%.
4. The BOLL support price is $0.13837, and the BOLL resistance price is $0.14381.
5. The market sentiment index is at 83, indicating extreme greed.
Doge this week Possible HighsDoge looks cute for the next few days if it continues. This retracement shows the perfect buy zone for this bull rally.