It will breakout and move up once it touches the of 0.679$ i.e. 49.80₹.
As of writing doge has 5 major sell walls which could delay its rally to $1. Each sell wall has 20-40 million DOGE coins in position to be sold.
The highest sell wall is without a doubt at $1, where more than 102 million Doge coins are about to be sold.
They are at:
- 0.98 (₹71.83)
Source: Binance Spot & Margin DOGE/USDT Orderbooks
However, once the price comes near ₹60, the wall size is likely to reduce and the coin will rally all the way to $1 with hardly 1-2 dips.
Despite the resistance, it is very unlikely that it won’t touch $1.
On the side, due to the bull run, DOGE is now only 5 billion short of BNB’s market cap. By the SNL goes live, it will touch and go above BNB’s market cap. This, combined with a shilling by Elon Musk on SNL will likely push it to ₹140($2).
Note: This is not financial advice. Do your own research. I am not responsible for any losses due to any trading decisions taken after seeing my analysis.