Crypto News: DOGE soars after Twitter news, but can it continue?
Doge made a solid run higher yesterday after the Twitter board accepted Elon Musk’s buyout deal. The deal is reported at $54.20 per share, which is valued at around $44 billion USD.
Doge buyers jumped back into the crypto, adding just over 29% to yesterday’s high. This bar maintains the new uptrend that we’re watching after a new higher low was also formed. We can see the break of the downtrend on the 16th of March.
With this week’s surge and HL, we will continue to look at a trend continuation pattern, but the stopping point remains at 0.17 cents. This level has been and continues to be a critical level of resistance. The last time buyers made a close above this level was back in January. For the trend to continue, we need to see buyers break this resistance to show that we really do have an uptrend underway.
If this level can’t be beaten, we will be looking for the range to continue unless we see a new move back down to 0.1312 support.