DOGE coin for short-term

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As shown in the chart above, the DOGEUSDT price has two important support and resistance lines in the 1-hour time frame, located at the closest point to the intersection of these two lines. At the moment, the price has broken the resistance, and if it stabilizes here, it can be expected to be supported and exit the downtrend for a short time. From the point of an indicator view, ADX starts to decrease which shows the declining trend starts to be weak and maybe end to it. Stochastic shows the uptrend and it was crossed in the last two candles. Note that all of these analyzes are only valid if the current candle is fixed above the resistance.
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As seen, it couldn't be fixed at top of its support and resistance area and declined.
dogedogecoindogeusdtTechnical IndicatorsTrend Analysis

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