dogecoin Today’s price analysis is bullish, showing a rapid 10% retracement from previous highs and a higher local low setting. Therefore, we expect DOGE/USD to continue to rise, with further gains for the rest of the week.
The market has traded slightly bearish over the past 24 hours. Leader bitcoin fell 2.2% while he fell ethereum 2.27 percent. The rest of the market followed closely with similar results.
Dogecoin price movement over the last 24 hours: Dogecoin fell below $0.09
DOGE/USD is trading between $0.08109 and $0.08811, indicating high volatility over the past 24 hours. Trading volume dropped by 40.83% to a total of $1.085 billion, but the market capitalization is trading at around $11 billion, making him the 10th largest coin overall.
DOGE/USD 4-Hour Chart: Is DOGE Ready To Continue Rising?
On the 4 hour chart, dogecoin price We will quickly backtrack and set higher lows. This indicates that another push will follow soon.
Dogecoin price action has traded with strong bullish momentum over the past week as the $0.075 resistance was clearly broken. Strong highs were initially set at $0.084. A quick retrace will be seen on Monday.
From there, DOGE/USD rose again, breaking previous highs and setting another strong Overpriced at $0.09It attempted a further rally yesterday but failed to do so, eventually reversing the market.
An overnight retrace began, with Dogecoin’s price rapidly falling below the previous resistance of $0.08. The selling continues today, hitting new lows above $0.08. Another rally attempt is likely later, which could break the $0.09 resistance.
Dogecoin Price Analysis: Conclusion
Dogecoin price analysis We are bullish today as we saw a significant retracement and higher lows. Therefore, DOGE/USD is poised to continue its rally and breach the $0.09 resistance.