Dogecoin’s [DOGE] recent recovery from the $0.104 support reignited a near-term bullish edge, as the altcoin saw a streak of green candles..
recent recovery from the $0.104 support reignited a near-term bullish edge, as the altcoin saw a streak of green candles over the last two weeks. Consequently, the memecoin closed above the 20, 50, and 200-day EMAs.
The memecoin struggled to uphold crucial support levels over the next few months as it found a trading range between $0.128-$0.174 range. Over the last four months, DOGE has lost around 41% of its value amid this bearish pressure. As a result, DOGE saw a sustained close below its 200-day EMA after nearly 7 months. Nonetheless, the $0.104 support level set the stage for bulls to recoup and provoke a patterned breakout in the last few weeks.
This trajectory has now put DOGE at a crucial spot on its charts, especially as it eyes the $0.128 support that it recently found a close above. The 200-day EMA also stood near this level at press time.
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