Dogecoin (DOGE) May Surprise Crypto Market as It Breaks Resistance Levels Like It's Nothing
— Moving, Resistance, Breaks, Cryptocurrency, Strong, Dogecoin, Surprise, Levels, Shiba, Line, Inu, Doge, Crypto, Market — 1 min read
Dogecoin's most recent performance on the cryptocurrency market left the majority of investors and traders surprised as the "old classic" memecoin easily broke the first resistance on its way to a trend reversal. The daily timeframe of the cryptocurrency suggests that DOGE is getting close to the major resistance line of the 50-day Exponential Moving Average, which is often considered a barrier between descending and ascending trends. In the event of a breakthrough, Dogecoan will be set for a strong recovery rally despite already gaining over 40% to its value in the last seven days. DogeCoin's "competitor" Shiba Inu has also shown quite a strong performance by showing a 50% gain Source