DOGE → The hunt for liquidity before the fall

DOGEUSDT rose sharply on Friday. The reason is local news related to ETFs and Musk's tweet (it still works :) ). The growth potential may quickly exhaust itself...



The altcoin is strengthening, breaking resistance and consolidating between two important levels - 0.1763 and 0.188. The trend is bearish, the market is generally weak. I do not yet see any technical or fundamental potential for strong growth or a trend reversal.
In the current situation, DOGE may test the resistance zone of 0.188 due to the liquidity pool formed as part of local consolidation in early November. However, this liquidity pool may become a resistance to growth, which in turn may provoke a reversal and a fall.

Resistance levels: 0.188
Support levels: 0.1763

However, if the market does not allow the price to rise, it is worth watching the support level of 0.17635. Consolidation below this level will confirm the false breakout of the lower level and may trigger a decline.

Best regards, R. Linda!