Dogecoin (DOGE) is gaining momentum as the upward pressure is strengthened, positioning the price for potential movement towards the bar of $ 0.2677. After faced recent turbulence, buyers intervene to recover control, reporting a possible change in walk feeling. This renewed thrust occurs while Dogecoin finds stability above key support levels, allowing bulls to strengthen the upward pressure and challenge higher resistance areas.
The growing optimism surrounding Dogecoin is driven by the increase in commercial volume and the improvement of market conditions, which could feed a rally. If the price continues to climb and break critical resistance barriers, it can open the way for a useful advantage, strengthening upward perspectives.
Analyze Doge’s potential for continuous optimistic growth
Currently, Dogecoin displays a constant bullish momentum while it is gradually moving to the brand of $ 0.2677. Price action suggests increasing the interests of buyers, the bulls trying to undergo upward pressure after having overcome recent consolidation. If this trend continues, Doge could strengthen strength to challenge the key resistance to coming.
Related reading
Despite the trade below the 4 -hour SMA, the action of Doge prices shows signs of strengthening. With a sustained positive movement, the meme piece can bring together enough pressure to perceive key resistance levels. A successful movement above the SMA would confirm a change of trend, opening the door for more advantage.
The key technical indicators reinforce the regular ascending movement of Dogecoin, with Momentum oscillators signaling the increase in force. The relative resistance index (RSI) approach to the 50%neutral brand, indicating a potential change in feeling as purchase Pressure buildings. A decision above this level would confirm an increasing upper momentum, which can increase the price.
In addition, if the RSI continues its ascent, this implies that Dogecoin enters a more favorable area for buyers, reducing the chances of an immediate withdrawal. When combined with the increase in commercial volume and other indicators, such as a positive MacD crossing, these signals strengthen the case of growth. If the dynamics were stable, Dogecoin could be on the right track for a burst Towards the levels of resistance of the keys, opening the way to a more extensive rally.
Can Dogecoin maintain its upward trend and secure a stronger rally?
If Dogecoin continues its ancestry momentumThe prize could gain ground for a sustained rally. A rupture above the level of resistance of the 0.2677 keys would strengthen upward perspectives, pushing Doge to higher targets such as $ 0.3066.
Related reading
In addition, the bulls that keep their momentum and lead the price above the 4-hour SMA will see Doge pass towards a positive direction. This movement can pave the way further gainspushing the price to the key resistance levels and prolong the current trend.
However, for the ascending trend to remain intact, DOGE must hold above the critical support areas and maintain constant purchase pressure. If the momentum is weakening, a period of consolidation or a minor retirement can occur, causing a price drop To support levels such as $ 0,1800 before another attempted rupture.
Felash star image, tradingView.com graphic