Dogecoin (DOGE/USDT) Shows Bullish Reversal Setup
DOGE USDT Chart Analysis
The price movement here shows basic bullish acceleration above $0.12600, a positive sign for the buyer. A purchase can be considered as long as the price remains above $0.1250.
RSI at 42 shows growing interest of buyers, and a breakthrough of RSI will boost momentum into the resistance of $0.134. A surge above this zone will lead the DOGE price to $0.14.
In the event of invalidation of the trend, the crypto will move below the $0.12 zone, which becomes riskier.
The derivatives surge is a sign for Doge?
The Dogecoin futures are showing high volatility, with a volume surge of 53,000% to $260 million. This came even before the recent stability of Dogecoin. The Dogecoin ETF and the derivatives surge remain the catalyst for this and the upcoming trend reversal.
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