π In the past week, Dogecoin (DOGE) saw remarkable gains, leading among the top three meme coins with a valuation exceeding $26 billion. Despite facing rejections, it displayed resilience and showed no signs of weakness at the time of writing. πͺπ
π° Dogecoin has bounced back strongly from recent dips, boasting a 45% gain over the last seven days. While looking bullish on the daily chart, it encountered rejection twice since the beginning of the week.
π Despite rejections, the leading meme coin continues to demonstrate strength, maintaining its momentum with a 2.2% gain today. It aims to revisit the recently rejected $0.187 level.
π With momentum building on the daily chart, overcoming this level could lead to further gains in the near term. However, sustained rejection may lead to a loss of momentum.
πΌ Currently, the daily volume indicator shows a decline, suggesting money outflow in the market. This trend could potentially trigger a decline if volume continues to decrease. Nonetheless, Dogecoin remains bullish for the day. π
π Key Resistance Levels: $0.187, $0.206, $0.235
π Key Support Levels: $0.159, $0.14, $0.125
π° Spot Price: $0.183
π Trend: Bullish
π Volatility: High