Dogecoin price analysis reveals that the market is currently trending higher after a recent dip. Today’s stock started trading at $0.07831 and immediately broke higher. And $ 0.07987, there is a balance for trade. If the bull is going on the barrier, we plan to plan the price is near the future.
Dogecoin price is currently in a breakout zone, and a move in any direction could set the stage for another move. As a result, bulls should be careful as bearish movements can disrupt progress and the 24-hour trading volume for DOGE / USD returns to $ 260,850,064 and the current market capitalization is $ 10,486,796,300. Dogecoin Price Analysis on Day 1 Chart: DOGE/US trading above $0.07831
The 24-hour chart of Dogecoin price analysis shows a strong positive trend for today as the price of the coin has risen significantly.
Moved for the $0.07831 level in this move, which is the current trading level at the time of writing. In addition, volatility is increasing, which is good news for traders who expect price movements in the future. The upper Bollinger band is currently at $0.1119 and the lower band is trading at $0.0767. The Relative Strength Index (RSI) is trading at 46.67 indicating that the market is bearish. The 50 SMA is above the 200 SMA, putting the indicator moving in a positive zone for now. On the 24-hour chart, the 50 SMA is currently at $0.0863 and the 200 SMA is at $0.0781.
DOGE/USD 4 Hour Price Chart: Bulls Dominate The Market
The 4-hour price chart of Dogecoin price analysis reveals that the cryptocurrency is depressed and may break above the $0.07 mark. The DOGEUSD pair is targeting the $0.07831 level in this move, which is the current trading level at the time of writing.
DOGE’s Relative Strength Index (RSI) is 29.64, so it is in bearish mode. Therefore, DOGE entered strongly on the 4-hour price chart. However, this indicates that the price of DOGE may change significantly in the coming days. Therefore, customers should shop with caution.
The moving average at $0.0783 is another positive sign for traders. The upper limit of the Bollinger Band is $0.0880, acting as a strong resistance point for DOGE. The lower limit of the Bollinger Band is at $0.0733, representing a strong support point for DOGE.
Conclusion of Dogecoin Price Analysis
Finally, the price of Dogecoin ended above $0.07831 and the market is currently in a critical situation. As long as the bulls are in control, we expect the market to rise further in the near future. The price may be between $0.078 in the near term, which means that the market may continue in the opposite direction.