DOGECOIN (DOGE) has presented a break in recent days, fueled by positive market conditions and feelings of investors. Currently negotiating at $ 0.25, the meter part plans a level of crucial resistance at $ 0.26.
With continuous bull market signals, DOGE could soon make a movement towards the next significant resistance at $ 0.31. Merchants look closely to see if Dogecoin can go beyond this level and continue its ascent.
Dogecoin is preparing for a climb
The feeling surrounding Dogecoin remains mixed. Despite the positive signs, the funding rate was fluctuating between positive and negative, suggesting an indecision among traders.
Some traders have placed more short contracts than long contracts, indicating skepticism. However, for the moment, the financing rate is positive, which suggests that traders are currently optimistic.
Despite the current positivity, there is always a feeling of prudence. Traders are not fully committed, given the uncertain orientation of the market.
However, the current positive funding rate indicates that Dogecoin holders expect an increase in prices. The feelings of the feeling suggest that the movement of Doge prices will depend on wider market clues.
The macro momentum of Dogecoin points towards the potential volatility. Technical indicators, such as Bollinger bands, show signs of convergence, which often signals a period of net price movements. With candlesticks currently lower than the band base, this convergence indicates that volatility is likely to lead the price of Dogecoin to a rally.
The upward perspectives suggest that Dogecoin is preparing for a swing upwards. Although volatility can go in both directions, the technical configuration seems favorable for an increase in prices. With the increase in market activity and the potential for higher price action, Dogecoin is ready for an escape.
Doge Price aims to assume the next resistance
Dogecoin is currently Resistance test at $ 0.26. If he manages to cross this level, Altcoin could go to $ 0.31, a major resistance that she has had trouble exceeding in recent weeks.
The growing volatility should play a central role by helping Doge to unravel this level, providing the catalyst for more upward dynamism.
If Doge continued its increase, the price could increase up to 21%, $ 0.31 becoming a critical level of support for continuous rallying. This would mean a strong recovery for Dogecoin, positioning it for a new increase to $ 0.40.
However, if volatility becomes negative, Dogecoin could Facing a lively withdrawal. In this case, the price could drop to the level of support of $ 0.22, invalidating the Haussier thesis and delaying any dynamism upwards.
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