Posted 12/7/2023, 1:30:00 PM
Dogecoin Price Nears Critical Resistance at $0.106 - Next Move Could Lead to 50% Rally or 25% Drop
- Dogecoin (DOGE) price broke out above 900-day descending resistance trendline in October
- DOGE reached new yearly high of $0.106 on Wednesday, close to key horizontal resistance
- Relative Strength Index (RSI) momentum indicator shows bullish sign, approaching overbought territory
- Mixed price action signals at resistance - next move depends if DOGE breaks out above or gets rejected
- If successful breakout, DOGE could rally 50% to next resistance at $0.145; if rejection, could drop 25% to support at $0.070