The DOGE price shows bullish signs against Bitcoin (BTC)
– DOGE/BTC pair has broken out and validated its resistance as support
– Price had increased since June, saving the breakdown and causing a breakout from a descending resistance line
– Price fell after the breakout but validated both the resistance line and the 230 satoshi support area
DOGE Price Struggles Against the Dollar
– DOGE/USD chart shows bearish signs, including a failed breakout from a long-term resistance line in July
– Price is currently trading slightly above the $0.060 support area after bouncing above it last week
– Weekly RSI is bearish, falling below the line again, indicating a bearish trend
If the price breaks down from the $0.060 area
– It can decrease by 40% and reach the next support at $0.037
– Strong bounce can cause a 140% increase to $0.150
Conclusion
The DOGE price prediction is bullish against BTC but will likely be bearish against USD. A breakdown from the $0.060 area will confirm the bearish trend, while a strong bounce will lead to a bullish trend reversal.
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