Dogecoin is trading inside a symmetrical triangle and is getting close to its apex and deciding its next direction. As of now, a bullish breakout seems to have higher chances than the bearish case; however, anything might change.
Once the resistance at $0.25 is cleared, DOGE will likely rally towards the next significant resistance areas found at $0.30 and $0.38. Such a move is likely to be quick and sharp, which is typical for the behavior of the meme coin.
Key Support level: $0.20
Key Resistance level: $0.25; $0.30; $0.38
Trading Volume: The recent trading action was followed by a high amount of trading volume (especially the last daily candle). This shows bulls are in control and the price is likely to move up sharply after a break of resistance.
RSI: The RSI is curving up, showing that interest in Dogecoin is picking up.
MACD: MACD went through a bullish cross on the 1st day of October, and has remained in the green territory since then. The price action of to