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Dogecoin price analysis: Dogecoin set to test the $0.15 resistance in the next 24 hours

Dogecoin price analysis

TL;DR Breakdown

  • Dogecoin price analysis is bullish today.
  • Next, resistance is found at $0.15.
  • The closest Support is at $0.10.

Dogecoin price analysis is currently in a bullish trend as it is trading above the $0.10 level. The price has recently found support at the $0.12 level and is now starting to move higher. If the price can continue to move higher, we could see it test the $0.2 resistance level.

Dogecoin price analysis: Dogecoin set to test the $0.15 resistance in the next 24 hours 1

Source: Coin360

The overall outlook on the cryptocurrency heat map is bullish as most bars are green. The largest digital asset is up by 2 percent. Altcoins are also trading in the same direction. The meme coin is up by 1 percent on the 24 hours heat map. The Dogecoin market is bullish.

Dogecoin price movement in the last 24 hours: meme coin under high volatility?

The Daily Dogecoin price analysis chart began as the bulls controlled the market. After a small sell-off, the DOGE coin regained its position and is currently trading at $013. The indicators show that the market has bullish momentum and the bulls are expected to push the prices higher.

Dogecoin price analysis: Dogecoin set to test the $0.15 resistance in the next 24 hours 2

Source: Tradingview

The Bollinger bands are wide today, as the Dogecoin price movement indicates in the last 24 hours. The lower band is currently at $0.12, and the upper band is set up at $0.15. Over the previous 24 hours, the average Dogecoin price has been around $0.12, near its lowest value in the past week. The market cap for Dogecoin is currently at $17 billion, with a 24-hour volume of $750 million.

The Dogecoin price has seen a slight uptick in the last 24 hours, with a 1.5% increase. The meme coin is currently trading at $0.13 after seeing a sharp drop to $0.12 on Saturday. Dogecoin has been downtrend over the past week, losing over 8% of its value. However, the cryptocurrency has found some support at the $0.10 level and is currently attempting to recover. The next major resistance level for Dogecoin is at $0.2, where it faces stiff resistance from the 100-day moving average line.

DOGE/USD four-hour chart: Indicators are bullish on DOGE

Dogecoin price analysis four-hour chart looks pretty good. The price is currently trading around $0.1326and looks like it is preparing for another leg up. The next resistance will be $0.15, and if that is broken, we could see a move towards $0.2.

Dogecoin price analysis: Dogecoin set to test the $0.15 resistance in the next 24 hours 3

Source: Tradingview

DOGE/USD four-hour chart shows that the RSI is currently in the neutral zone, with an upward bias. This suggests that there may be some buying pressure for DOGE soon, leading to a potential price increase for this cryptocurrency. However, it’s important to remain cautious and watch for any changes in market conditions or trends that could impact trading strategies. Ultimately, traders will need to monitor price movements carefully and make strategic decisions based on their analysis of technical indicators like the RSI.

The MACD indicator on the DOGE/USD four-hour chart has entered a positive territory, which signals that selling pressure is weakening and profit-taking could occur. This also opens the door for additional upside momentum to develop.

Dogecoin price analysis: Conclusion

DOGE/USD is facing strong resistance around the $0.15 mark. If the price breaks above this level soon, there could be bullish momentum. However, sustaining any upward movement will need significant support at lower levels, such as $0.12. Be cautious and watch for further cues.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Moses Kimathi

Moses Kimathi

Moses is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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