Dogecoin Shows Strength Compared To Bitcoin And Ethereum, Looks To Confirm New Trend
Portfolio Pulse from Melanie Schaffer
Dogecoin (CRYPTO: DOGE) was up about 3% on Tuesday, showing strength compared to Bitcoin and Ethereum. The crypto is attempting to break up from a double inside bar pattern on the daily chart, which could confirm a new uptrend. Dogecoin negated its downtrend on Saturday, printing a higher high at the $0.071 mark. If Dogecoin can break above $0.072, an uptrend will be confirmed. Dogecoin has resistance above at $0.075 and $0.083 and support below at $0.069 and $0.065.
July 04, 2023 | 3:54 pm
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Dogecoin is showing strength compared to Bitcoin and Ethereum, and is attempting to confirm a new uptrend. If it breaks above $0.072, the uptrend will be confirmed. Resistance is at $0.075 and $0.083, support at $0.069 and $0.065.
Dogecoin's price is showing strength compared to Bitcoin and Ethereum, and is attempting to break up from a double inside bar pattern, which could confirm a new uptrend. This could lead to increased buying pressure, pushing the price up in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100