DOGE is currently showing a promising structure, trading within a rising wedge formation. Price is holding above a rising support line, which has been respected multiple times, a good sign of bullish intent from buyers.Above, we have a descending resistance line and a key horizontal supply zone acting as a strong barrier. For DOGE to see a breakout and push higher, it needs to flip this confluence zone cleanly.
DYOR, NFA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.