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DOGE Bulls Defend Key Support, But Can They Break Lower High Trend?

Published 20/07/2023, 15:27
© Reuters DOGE Bulls Defend Key Support, But Can They Break Lower High Trend?
DOGE/USD
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  • Crypto trader tweeted that $0.07032 was a key support for DOGE and 0.065 was the threshold of losing momentum.

  • RSI and PVT indicators denote that DOGE is on a strong trend; DOGE may make its first higher high for 2023.

  • DOGE seeks support from the 3:1 Gann line which catapulted DOGE to high prices. It may catapult DOGE once more.

Crypto trader and investor Elizy tweeted that $0.07032 was a key support level for Dogecoin. In the analysis, it could be seen that Dogecoin was making lower highs being subjective to the trend line. As per Elizy’s view, since the $0.07032 support level is a key point, Dogecoin could rise if the bulls manage to defend this support level.

However, another Twitter user raised a counter-argument against Elizy’s view and stated that the key support for Dogecoin was a bit lower than Elizy’s support. Nonetheless, Elizy who was strong in his opinion replied to the tweet saying that Dogecoin could lose momentum once it crosses $0.065, and will crash by a huge margin.

DOGE is exchanging hands at $$0.07043, at press time after experiencing an incre…

The post DOGE Bulls Defend Key Support, But Can They Break Lower High Trend? appeared first on Coin Edition.

The post DOGE Bulls Defend Key Support, But Can They Break Lower High Trend? appeared first on Coin Edition.

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