Hi everyone, Domic here. Dogecoin is showing a strong bullish move after breaking key EMA levels, accompanied by rising volume, indicating that buyers are in control. On the H4 chart, the 34 EMA (red) and 89 EMA (blue) serve as markers of the short-term trend. DOGE moving above both EMAs while forming higher lows suggests a high probability of continued short-term gains. Price is currently approaching the 89 EMA, a key technical resistance, and its reaction around this level will determine the next leg of the uptrend.
Trading volume on December 9 surged, reflecting active buying and support for the breakout from the accumulation zone around $0.146 to above $0.147. This signals that DOGE has the potential to extend its rally, but attention should be paid to its reaction near the $0.150 resistance level.
Currently, the market anticipates a clear breakout above $0.150. Positive sentiment from external factors — such as Elon Musk’s tweets, renewed interest in meme coins, DOGE adoption as a payment method, and expectations of a dovish Fed — is supporting inflows.
Wishing you all a successful trading day!
Trading volume on December 9 surged, reflecting active buying and support for the breakout from the accumulation zone around $0.146 to above $0.147. This signals that DOGE has the potential to extend its rally, but attention should be paid to its reaction near the $0.150 resistance level.
Currently, the market anticipates a clear breakout above $0.150. Positive sentiment from external factors — such as Elon Musk’s tweets, renewed interest in meme coins, DOGE adoption as a payment method, and expectations of a dovish Fed — is supporting inflows.
Wishing you all a successful trading day!
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👉🏻 t.me/+laboc_IsvmUwNzU1
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Penerbitan berkaitan
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Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.