📈 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. 💪🚀
💰 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.
📈 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.
📊 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.
💼 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. 📉
📈 Key Resistance Levels: $0.187, $0.206, $0.235
📉 Key Support Levels: $0.159, $0.14, $0.125
💰 Spot Price: $0.183
📈 Trend: Bullish
📊 Volatility: High