Dogecoin Today’s price analysis is bullish, as support was found at $ 0.06 and the bullish momentum is expected to continue rising after taking over overnight. Perhaps DOGE / USD will continue to rise as the $ 0.065 resistance has already been broken and the next target is the $ 0.069 mark.
The market has been trading strongly in the green over the last 24 hours. Leader Bitcoin rose 8.69%, but Ethereum As one of the top performers of the day, he won over 15.59. The rest of the top altcoins continued closely, with Uniswap (UNI) being the top performer.
Dogecoin price movements over the last 24 hours: Dogecoin xxx
DOGE / USD traded between $ 0.06052 and $ 0.0656, showing strong volatility over the last 24 hours. Trading volumes increased 4.15% to a total of $ 451.4 million, with a market capitalization of approximately $ 8.7 billion, and coins ranked 10th.
DOGE / USD 4-hour chart: Is DOGE rising?
In the 4-hour chart, Dogecoin price It shows that it grows rapidly as the seller is finally exhausted and reaches even higher overnight.
Dogecoin’s price behavior has seen a strong setback from the previous rise in the last few days, breaking some support levels along the way. however, Last push lower Yesterday, new support was found for $ 0.06.
From there, above $ 0.0625, the response continued to be higher. This indicates that another upward retest has begun. From overnight to today, the integration continued as the Bulls prepared to move up.
Further consolidation was seen most of the day until the sudden surge began late in the afternoon. The next $ 0.065 resistance level was quickly reached and breached, paving the way for more ups and downs not only tomorrow but overnight.
Dogecoin Price Analysis: Conclusion
Dogecoin price analysis It is bullish today as there has been a strong backlash over the last 24 hours and the previous support of $ 0.065 has already been recovered. Therefore, DOGE / USD will continue to rise later today and will retest the next resistance at $ 0.069 later this week.