Dogecoin has definitely been the hype coin of the week reaching a new ATH in a very short period of time - largely due to all the hype spread form WSB and Reddit.
Currently, Dogecoin has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday.
If doge can break above a strong resistance level of $0.040 we could potentially see a run-up close to the newly set ATH - bear case: if doge fails we could see it retest the $0.030 - 0.020 range.
Always be safe when trading hype coins as market directions can change rapidly - let me know what you all think doge will do over the next few days!
''Buy Big Sell BIGGER'' - MegaWhale
Currently, Dogecoin has broken out of a pennant it has been in since the newly found all-time high - while finding support on the new up trend line although briefly breaking below yesterday.
If doge can break above a strong resistance level of $0.040 we could potentially see a run-up close to the newly set ATH - bear case: if doge fails we could see it retest the $0.030 - 0.020 range.
Always be safe when trading hype coins as market directions can change rapidly - let me know what you all think doge will do over the next few days!
''Buy Big Sell BIGGER'' - MegaWhale