fxstreet.com 12 Feb, 2021 06:30 am

DOGE bulls catch a breather between two crucial price levels

DOGE/USD wavers around 0.0700 during its latest easy performance since late Thursday. In doing so, the digital asset follows a downward sloping trend

50-bar SMA pushes bulls toward breaking weekly resistance line.However, successful trading beyond 50-bar SMA joins ‘higher low’ formation during the week to keep the ‘Meme Coin’ buyers hopeful inside a two-week-old ascending triangle formation.That said, 50-bar SMA becomes the nearest key support, at 0.In doing so, the digital asset follows a downward sloping trend line from Sunday amid bearish MACD.

After a massive run, the digital asset has experienced a significant 30% correction down to $147.38, creating a potential triple top as the digital asset hit $17.

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