Please chech resistant and support of doge coin and possible bullish movement

Dogecoin (DOGE) currently exhibits a mixed market sentiment with both resistance and support levels in place. Here's an analysis of the current situation:

1. Current Price and Market Sentiment:
   • Dogecoin's price has risen by 9.81% over the last week, indicating a recent uptrend.
   • The live Dogecoin price is $0.11856 USD, with a 24-hour trading volume of $730.08 M USD.
2. Technical Analysis:
   • Resistance Level: The nearest resistance zone for Dogecoin is $0.126, and a more significant resistance is at $0.17.
   • Support Level: The support level is currently at $0.11856 USD, which is the live price as of the latest data. This is a critical level as it represents the immediate floor for the coin's price. If the price falls below this level, it could signal a bearish trend.

3. Market Dynamics:
   • Recent Performance: Dogecoin has experienced a 7.91% decrease in its price over the last month. However, it has increased by 72.65% over the last year.
   • Trading Volume: The trading volume in the last 24 hours is $730.08 M USD, which is a significant indicator of market interest.
4. Potential for Bullish Movement:
   • On-Chain Activity: There has been significant on-chain activity indicating a bullish sentiment among market participants.
   • Whale Activity: Large investors have been accumulating Dogecoin, which could be a sign of confidence in the coin's future.
5. Conclusion and Recommendations:
   • Support and Resistance Levels: Dogecoin's price is currently trading near the support level of $0.11856 USD. If the price can hold above this level, there is a possibility of a bullish breakout. However, if the price falls below this support, it could lead to a bearish trend.
   • Investor Sentiment: The mixed signals from technical analysis and on-chain activity suggest that investor sentiment is divided. Potential investors should consider these factors and monitor the coin's price action closely before making investment decisions.

In summary, while there is potential for a bullish movement due to on-chain activity and the significant resistance level, the current support level is crucial. If the price can hold above the $0.11856 USD support, there is a possibility of a bullish breakout. However, if the price falls below this support, it could lead to a bearish trend. Investors should closely monitor these levels and consider the broader market sentiment before making investment decisions.