Dogecoin: ⬆️ Buy
– Dogecoin reversed from support level 0.0675
– Likely to rise to resistance level 0.0725
Dogecoin cryptocurrency recently reversed up from the support zone between the support level 0.0675 (which stopped wave (i) at the end of July and the previous correction in the middle of August), the lower daily Bollinger Band and the support trendline of the daily down channel from the start of October.
The upward reversal from this support zone started the active short-term correction inside the impulse wave (iii) from the end of September.
Given the strength of the support level 0.0675, improved crypto sentiment seen today and the oversold daily Stochastic, Dogecoin cryptocurrency can be expected to rise further toward the next resistance level 0.0725 – former strong support from July.