Dogecoin Today’s price analysis is bullish as we have seen higher lows and stronger pushes above the $ 0.07 resistance in the last few hours. Therefore, DOGE / USD is likely to be even higher and is expected to reach resistance of $ 0.073 soon.
The market has been trading green over the last 24 hours. Leader Bitcoin rose 4.98%, but Ethereum 6.37 percent. Meanwhile, the rest of the top altcoins continue with similar results.
Dogecoin price movements over the last 24 hours: Dogecoin resumes progress
DOGE / USD trades in the range of $ 0.06796 to $ 0.07071, showing significant volatility over the last 244 hours. The volume has decreased by 3.08% to a total of $ 397.66 million, with a market capitalization of approximately $ 9.38 billion, and the coin is ranked 10th overall.
DOGE / USD 4-hour chart: Is DOGE targeting $ 0.073?
The 4-hour chart has seen strong bullish momentum over the past few hours, surpassing the $ 0.07 resistance. Therefore, more rises are expected in the second half of today and tomorrow we will be able to clear higher high sets.
Dogecoin price Behavior continues to recover from the strong sold-out seen at the end of June. After the higher initial reaction, DOGE / USD saw a higher high than the first local set at $ 0.07.
From there, a rapid retrace to $ 0.066 followed, establishing an uptrend line for support. In addition, a slight integration was formed as another basis for establishing a higher rally.
It went up further overnight and the previous resistance returned to $ 0.07. After not hesitating too much, it broke a few hours ago. This shows that there are many benefits to be seen next.
The price of Dogecoin targets the next $ 0.073 resistance and could reach the break-even point. In this scenario, another retrace that sets a strong high local low provides a good setup for following more upsides.
Dogecoin Price Analysis: Conclusion
Dogecoin’s price analysis is bullish today as it has been further tested upwards and broke local resistance at the $ 0.07 level. Therefore, we should expect DOGE / USD to continue higher in the second half of today and recover further from previous losses.