Posted 12/12/2023, 2:56:02 PM
Dogecoin Hits New Yearly High But Then Retreats; Critical Support Could Determine if DOGE Heads for 50% Gain or 25% Drop
- Dogecoin (DOGE) price reached a new yearly high on December 11 but then fell sharply afterwards
- Despite the decrease, DOGE price still trades inside a critical support area at $0.095
- DOGE broke out from a long-term descending resistance trendline and the weekly RSI is in bullish territory
- The daily RSI is showing mixed signals after falling from overbought levels
- Whether DOGE bounces at the $0.095 support or not will determine if there is a further 50% price increase or 25% decrease ahead