Dogecoin reversed from resistance zone

DOGUSDDogecoin cryptocurrency today reversed down from the resistance zone located between the multi-month resistance level 0.1700 (which has been reversing the price from the start of February as can be seen from the daily Dogecoin chart below), upper Bollinger Band, the resistance trendline of the weekly down channel from last year and the 61.8% Fibonacci correction of the downward impulse from January. The downward reversal from this resistance zone stopped the previous impulse wave (iii).

Given the clear daily downtrend of the crypto market – Dogecoin prices can be expected to fall further toward the next key support level 0.1325 (which has been reversing the price from the start of this month).

DOGUSD - Primary Analysis - Apr-29 1203 PM (1 day)

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