On May 3, the DOGE price broke the resistance at $0.45 after an impressive bullish run. The altcoin is approaching a high of $0.75.
The resistance was retested thrice before the occurrence of a breakout. On April 23, the bears intended to sink Dogecoin to a $0.15 low. The candlestick on that date bears a long tail.
The long tail indicates that there is strong buying pressure above the $0.15 support. Fortunately, the bulls bought the dips which catapulted the coins to rally above $0.70. Further upsides are possible as the bullish momentum is likely to extend to the high of $1.05. However, further upsides are doubtful as the price indicators have shown an overbought condition of Dogecoin.
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