Dogecoin (DOGE) Breaks the Downtrend and Eyes at Another 35% Upswing in the Next Week!
While many other crypto assets are attempting to sustain within the trembled situation, Dogecoin aims at making huge moves in the upcoming days. The popular memecoin yet again proved the necessity of an external factor to range beyond its depleting trend.
But the main contrast with the recent plunge is the asset managed to sustain at the current levels, showcasing a diverse trend.
It is an evident fact that with Elon Musk’s Dogecoin mention, the asset tends to jump more than 10% to 12%. But very quickly the asset sheds all its gains and plunges back to its initial positions within no time.
Signifying the least trust of the traders on the asset, they tend to close their positions with the least profit which occurs very rarely nowadays.
As soon as Musk announced DOGE payments for Tesla merchandise, the asset broke through the downtrend and surpassed the initial resistance levels to hit $0.21.
Pivot Levels(Short-Term / 1Hr)
Moving Average(MA)-50 :- $0.1834
Moving Average(MA)-200 :-$0.1610