What we see in the Dogecoin chart is that the price is Swinging between 15 and 19 cents. In the daily time frame, it can be said that it has broken its downtrend line (green line), which is expected to have a bullish lead.
But when we go to the weekly timeframe, we see that it is almost on the downward trendline in this timeframe, that if it can break this line upwards, it can start a medium-term uptrend, which at the beginning of its path must first resist. 19 cents, in which case there is no resistance up to the price of 22 cents, and if this resistance breaks, it can easily continue to move up to 30 cents. The price is expected to reach 15 cents, which is unlikely to break this support downwards. Given that the price of 15 cents is a very strong support, which can be seen from the tweet of Elon Musk in the previous decline in this price, which was able to increase the price of Dogecoin by 40%.
But when we go to the weekly timeframe, we see that it is almost on the downward trendline in this timeframe, that if it can break this line upwards, it can start a medium-term uptrend, which at the beginning of its path must first resist. 19 cents, in which case there is no resistance up to the price of 22 cents, and if this resistance breaks, it can easily continue to move up to 30 cents. The price is expected to reach 15 cents, which is unlikely to break this support downwards. Given that the price of 15 cents is a very strong support, which can be seen from the tweet of Elon Musk in the previous decline in this price, which was able to increase the price of Dogecoin by 40%.