Dogecoin technical analysis for 27th January 2019, Dogecoin continues to trade within a range but has tested the lower end times this week. Doge has been trading from last 2 weeks in an important range. The range spans from support at $0.002 to resistance at $ 0.0023.
In late November the last price traded within the range of three weeks moving out. Price has been tested the lower end of the range several times last week but has failed to close below.
Similar price action took place the last time doge traded in this range with price testing both the upper and lower bounds of the range before breaking out with a large movement.
When price trades in a range for an extended period of time, it often breaks out with a large movement.
Similar price action is likely to take place this time and price will likely only break from the range with a significant move.