fxstreet.com 01 Feb, 2021 08:00 am

DOGE must break through this crucial resistance barrier to resume uptrend

DOGE must break through this crucial resistance barrier to resume uptrend
Dogecoin went ballistic last week following the pump on Reddit and Twitter. As covered, the token soared by more than 600% to exchange hands at $0.088

Despite the breakdown, the 14th largest token could settle above all the applied moving averages, including the 50 Simple Moving Average, the 100 SMA, and 200 SMA.The likely support levels include the 50 SMA, 100 SMA, and 200 SMA.037, as shown by the IOMAP model.DOGE/USD 4-hour chart Dogecoin must hold firmly onto this support The IOMAP model by IntoTheBlock reveals that Dogecoin is sitting on a stable support area.

DOGE IOMAP model Looking at the other side of the picture Note that Dogecoin’s uptrend might come to a halt due to the IOMAP resistance at $0.To jumpstart the uptrend, Dogecoin must overcome the hurdle at $0.

organizations
Read full story at fxstreet.com