Dogecoin / TetherUS PERPETUAL CONTRACT
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DOGEUSDT - Consolidation after growth is a positive sign

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DOGEUSDT is testing resistance, but the coin is not going to reverse yet. Focus on the current consolidation at 0.145 - 0.1534. A long squeeze or a breakout of resistance could trigger growth.

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Bitcoin has been growing throughout the week, forming a retest of resistance. If the growth continues, it could support a bullish run in altcoins.
After the rally, DOGE moved into consolidation at 0.145 - 0.1533. The market is showing positive dynamics. The altcoin may test the consolidation support before growing. However, a breakout of the 0.1533 resistance and a close above the level could trigger an early rise.

Resistance levels: 0.1534, 0.1648
Support levels: 0.145, 0.139


Regarding the current consolidation in the trading range format, I highlight two levels: 0.1534 and 0.145. If the overall positive background persists, a false breakdown of support at 0.145 or a breakout of resistance at 0.1534 with the price closing above the level could trigger further growth towards the local zone of interest at 0.165.

Best regards, R. Linda!
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