The three key moving averages have been squeezed into an extremely narrow range of less than $0.0012, and DOGE’s 4-hour chart is sending a clear signal.
MA7 (0.0954), MA25 (0.0942), and MA99 (0.0944) are all clustered below the price, providing a solid floor, while the price holds above 0.0968. The short- and long-term moving averages are tightly converged beneath the price, indicating that cost bases have leveled out and support below is exceptionally strong.
Every downward push by the bears runs into a wall of moving averages, while a test of the 0.09799 resistance to the upside seems like the natural next move. Hesitating where the moving averages are densely clustered as support can mean missing the real breakout.
#DOGE
👇
MA7 (0.0954), MA25 (0.0942), and MA99 (0.0944) are all clustered below the price, providing a solid floor, while the price holds above 0.0968. The short- and long-term moving averages are tightly converged beneath the price, indicating that cost bases have leveled out and support below is exceptionally strong.
Every downward push by the bears runs into a wall of moving averages, while a test of the 0.09799 resistance to the upside seems like the natural next move. Hesitating where the moving averages are densely clustered as support can mean missing the real breakout.
#DOGE
👇
