Introduction:
The DOGE price was falling down the tendency line since the ATL(all time low) of May,2021 when it hit's the historic maximum of US$ 0,739.
The token has a minimum price of US$ 0,049 in june of this year, and it's recovering creating a long bottom wick and it's validating one horizontal area of US$ 0,056 as a support.
In this article you will understand why in DOGE we trust.
What's happening with this memecoin?
Actually, the token is about to cross the previously specified tendency line.
This line will be broken in 18 months, and following that, there is a very good chance that Dogecoin will reach its all-time high.
The weekly RSI rating predicts DOGE's price to rise. The indicator looks to have crossed over its bearish divergence (black) line and produced a bullish divergence (green line).
These measurements indicate that a breakout of the line is the most likely outcome.
The nearest resistance level in this scenario is at $0.160.
A closer examination of the price movement reveals that Dogecoin is on the verge of overcoming the $0.066 resistance level.
If successful, $0.088 will serve as the next point of resistance.
What's the future of DOGE?
Given that a futures price of $0.088 would signify that DOGE has breached the long-term downtrend line, a positive surge would probably continue in response.
However, a decline below the $0.055 lows from October (red line) would falsify my forecast and indicate that lower prices are likely.
Since August 25th, the price of Shiba Inus has been declining within a bearish wedge formation.
Since this wedge is regarded as a bullish pattern, a breakout is anticipated eventually.
On October 13, the wedge support line's last touch took place (green icon).
It appeared that SHIB had plummeted below the 0.0000010 support level at first, but the token price turned around and made a long bottom wick, reiterating the area's status as support.
The price of Shiba Inu then broke free of this wedge on Wednesday (26).
What's more?
The closest resistance level, at $0.0000012, would be reached if the positive trend continues as anticipated.
However, a decline below the recent lows of $0.0000092 would nullify this bullish prediction for the cryptocurrency.
