Rejection from the resistance and strong support:
From mid of April to May 2021 the price action of Dogecoin was very strong bullish . Finally, the priceline found very strong resistance at $0.70 and after being rejected by this resistance level the price action of Doge dropped to the support of $0.45. After some struggle, the price action broke down this support and then broke the next supports $0.36 and in $0.26 respectively. Finally, the Doge coin’s price stopped at the strong support at $0.16. At the moment it is trying to break out the next resistance of $0.26, this level was working as support now turned into resistance.
From mid of April to May 2021 the price action of Dogecoin was very strong bullish . Finally, the priceline found very strong resistance at $0.70 and after being rejected by this resistance level the price action of Doge dropped to the support of $0.45. After some struggle, the price action broke down this support and then broke the next supports $0.36 and in $0.26 respectively. Finally, the Doge coin’s price stopped at the strong support at $0.16. At the moment it is trying to break out the next resistance of $0.26, this level was working as support now turned into resistance.