The descending channel from the October peak of around $128,000 has held each rally for six months now. An 8% increase this week is pushing the price directly toward the upper boundary for the first time. The supertrend at $74,017 is just above, forming a dense resistance cluster between $72,000 and $74,017 that has yet to be tested from below.


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The 20-day EMA at $69,491 has crossed below the price and now acts as support for the first time since November. The 50-day index at $70,568 is just below as a second layer of support.
Above the supertrend, the next test is the 100-day EMA at $75,421, then the 200-day EMA at $83,614.
A daily close above $74,017 breaks both the channel and the supertrend in one candle.
Losing $69 491 on the daily close brings the February low of around $63 000 into view.
Key levels on April 11:
20-day EMA support: $69,491
50-day EMA support: $70,568
Upper channel boundary: $72,000–$73,000
Supertrend resistance: $74,017
100-day EMA: $75,421
200-day EMA: $83,614
February low: $63,000
DOGE0,06%
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