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FX.co ★ Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 24, 2023.

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 24, 2023.

Technical Analysis of Intraday Price Movement of Doge Cryptocurrency, Friday February 24, 2023.

Even though on the 4-hour chart the Doge cryptocurrency can be seen from the MA which is still crossing negatively and the CCI indicator is below the 100 level which all indicates that the sellers are still dominating quite strongly in Doge but the Bullish Fair Value Gap area level seems to act as a sufficient support area well as well as the appearance of the Failing Wedge pattern provides an indication that Doge has the potential to be corrected to rally up and up as long as it doesn't return to its original bias, especially not to break below the 0.07949 level, then Doge will try to break above the 0.09026 level. If this level is successfully broken, then the main target will be tested by Doge is the level of 0.09189 and if the momentum and volatility are supportive then the level 0.09828 will be the next target.

(Disclaimer)

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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