Dogecoin Eyes wear trend reversal when the resistance outbreak appears

Dogecoin could cancel before the current bear trend because several analyzes indicate an upcoming outbreak of resistance.

Dogecoin continued to lead over a decisive support line of 0.16 US dollars over a decisive support line, which described a defined level for the bull cycle trend. Although the meme coin corrected somewhat yesterday, it remains good in the rising triangle in the multi-year.

In the meantime, several indicators of bullish feelings have flashed in the Dotecoin table. In particular, analysts have identified an upcoming structural outbreak, which is supported by a possible bullish stochastic RSI crossover.

Dotecoin approaches the resistance outbreak

The analyst Trader Tarders in particular identified a possible trend reversal in the 4-hour price diagram from Dogecoin. In a comment TodayHe emphasized that the meme coin with a bitch with a break above the resistance trend line, which is currently hindering the advancement of the financial value to higher prices.

The supply trend line dates to $ 0.2427 on March 3 and has opposed several attempts to break out. The analyst insisted that he has to break the resistance at $ 0.17 in order to target higher prices. Remarkably, Dogecoin acts very close to the area and signals an imminent trend reversal.

In addition, the analysis of another market observer David Tarder's perceived bullish dynamic supports. The analyst was recently found post This dog seems to be removed from a falling wedge price pattern that forms on the 1D period.

The bullish pattern has developed since mid -January and became closer with the latest price campaign by the Meme Coin. Now David predicts that Dogecoin would soon defy the upper resistance of the structure and open at higher prices.

Stochastic RSI crossover signals bullish impulse

In the meantime, a historically bullish indicator of Dogecoin is approaching a crossover and signals a significant trend shift for digital asset. Prominter market observer Ali Martinez discovered This trend, which indicates an upcoming route to bullish dynamics for Doge prices.

He announced that the stochastic relative strength index (RSI) looks at a bullish crossover on the weekly time frame, a historical precedent for a massive price rally for Doge, eyes. The crypto fundamental reported That the last three -time indicator Bullish, the Meme coin, gathered by 88%, 187%and amazing 444%.

In addition, the renewed bullish traction on the Dotecoin ecosystem increases this feeling. Data Show That the number of new addresses in the network rose over 100% last month and signaled a restoration in chain activity on the blockchain.

In the meantime, Doge is $ 0.1698, which increased an increase of 3% in the last 24 hours.