DOGE/USD picks up bids above 200-bar SMA, remains inside three-week-old symmetrical triangle. Momentum favors bulls, triangle’s support adds filters to the south-run below the key SMA. Dogecoin keeps the previous day’s bounce off 200-bar SMA while rising to $0.0584, up 0.72% intraday, during early Wednesday. Considering the upbeat MOM signals, DOGE/USD is eyeing the resistance line of a symmetrical triangle established since February 18, currently around $0.0630. However, any further upside will need to cross the late February tops surrounding $0.0660 to recall the bulls. Following that, $0.0730 may offer an intermediate halt during the quote’s rally towards the previous month’s peak, also the all-time high near $0.0880. Meanwhile, a downside break of 200-bar SMA, at $0.0566 now, can drag the cryptocurrency pair back to the stated triangle’s support line, currently around $0.0500. In a case where the DOGE/USD bears dominate past-$0.0500, $0.0448 and February’s bottom close to $0.0415 should return to the charts. DOGE/USD four-hour chart Trend: Further recovery expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next BOC is skewing hawkish on rates and forex – BofA FX Street 1 year DOGE/USD picks up bids above 200-bar SMA, remains inside three-week-old symmetrical triangle. Momentum favors bulls, triangle's support adds filters to the south-run below the key SMA. Dogecoin keeps the previous day's bounce off 200-bar SMA while rising to $0.0584, up 0.72% intraday, during early Wednesday. Considering the upbeat MOM signals, DOGE/USD is eyeing the resistance line of a symmetrical triangle established since February 18, currently around $0.0630. However, any further upside will need to cross the late February tops surrounding $0.0660 to recall the bulls. Following that, $0.0730 may offer an intermediate halt during the quote's rally towards the previous… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
