$DOGE The crypto bill is receiving positive news, but beware of US government token outflows tonight.
Similar to the US stock market, selling usually doesn’t happen on holidays, but it’s easy on business days, leading to daytime rallies and nighttime declines.
The current rebound is due to a recovery in overall sentiment, the end of negative news, and the covering of short positions in derivatives. However, strong resistance lies at $84,500–$85,000, and the market’s next move depends largely on major data releases such as the Consumer Price Index (CPI).
Support: 82,000–82,500
Strong support: 80,000–80,500
Resistance: 84,500–85,000
Strong resistance: 87,500–88,000
Similar to the US stock market, selling usually doesn’t happen on holidays, but it’s easy on business days, leading to daytime rallies and nighttime declines.
The current rebound is due to a recovery in overall sentiment, the end of negative news, and the covering of short positions in derivatives. However, strong resistance lies at $84,500–$85,000, and the market’s next move depends largely on major data releases such as the Consumer Price Index (CPI).
Support: 82,000–82,500
Strong support: 80,000–80,500
Resistance: 84,500–85,000
Strong resistance: 87,500–88,000