Dogecoin is currently consolidating around $0.1440 after being blocked at the $0.15 resistance level. Analysts point out that a reverse head and shoulders pattern is forming on the daily chart, and if it breaks above the $0.152 neckline, it could target $0.186. This technical analysis aligns with the active trading by whales, as over 297 million Dogecoins have been purchased by large investors in the past 24 hours. Although the MACD indicator shows a short-term bearish crossover, the RSI is at 51, indicating balanced momentum, with a key support level at $0.13.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Dogecoin is currently consolidating around $0.1440 after being blocked at the $0.15 resistance level. Analysts point out that a reverse head and shoulders pattern is forming on the daily chart, and if it breaks above the $0.152 neckline, it could target $0.186. This technical analysis aligns with the active trading by whales, as over 297 million Dogecoins have been purchased by large investors in the past 24 hours. Although the MACD indicator shows a short-term bearish crossover, the RSI is at 51, indicating balanced momentum, with a key support level at $0.13.