Posted 12/28/2023, 11:00:00 AM
Dogecoin Price Pulls Back From Yearly High But Remains in Uptrend
- Dogecoin (DOGE) price has fallen since its December 11 yearly high, but remains above early December levels
- DOGE broke out above a long-term descending resistance trendline in place since April 2021
- Weekly RSI above 50 shows bullish momentum, but has decreased in past 2 weeks
- DOGE is attempting to break out from a descending channel on the daily chart
- Increasing DOGE address counts could signal growing network activity and be bullish