Dogecoin Technical Analysis Report 14 January, 2022

• Dogecoin broke daily down channel
• Likely to rise to resistance level 0.2190

Dogecoin cryptocurrency recently reversed up from the powerful support level 0.1380 (previous monthly low from the start of December) – which started the active short-term correction (ii). The price then broke the resistance trendline of the daily down channel from November- which added to the bullish pressure on this cryptocurrency.

Given the widespread optimism that can be seen across the cryptocurrency markets today – Dogecoin cryptocurrency recently can be expected to rise further toward the next resistance level 0.2190 (top of the previous short-term correction 2 and the target for the completion of the active wave (ii)).

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