DOGE Price has stayed flat the last 2 weeks
Mid term trend is acting as resistance
200MA continues to act as rejection zone
Dogecoin (DOGE) Price Overview
Dogecoin price has shown a great struggle in reviving to previous levels traded in June. Bitcoin & Ethereum have successful broken many downtrends and important resistance marks along with many other coins. Unfortunately for DOGE investors, price seems to be fairly flat, lacking the much needed bull power to push back to previous levels. DOGE price has only revived around 22% off its low compared to an average of 50% seen on many other large cap coins.
While looking at the chart, we can see how DOGE has formed an ascending channel over the past 16 days. At the time of writing, DOGE price is inches away from breaking below the bottom trend of this channel.
If this occurs, we can expect DOGE price to fall to its next support of $0.186. This is a large support zone that should provide some type of bounce but in the case bears co