Dogecoin: Third Touch on Long-Term Support Trendline
Trader Tardigrade reports Dogecoin sitting on its long-term monthly support trendline for the third time, matching setups from 2017 and 2020 that preceded major rallies.
SourceAnalysis
Dogecoin is sitting on its long-term support trendline on the monthly chart, according to @TATrader_Alan, with the third touch now pressing against descending resistance after identical setups in 2017 and 2020 triggered sharp breakouts.
On the 4-hour chart DOGE holds at $0.08 inside the Bollinger Bands with both bounds also at $0.08, testing EMA50 support while EMA200 resistance sits at $0.09, RSI at 48.91 shows neutral momentum and MACD prints a death cross confirming the bearish structure.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.