Dogecoin price is Bullish today. The strongest resistance is at $0.0917. The most important support is at $0.07918
Dogecoin price analysis reveals that the market is following the trend. The price of Dogecoin is currently at $0.09123 and it has been trading in the green for a few hours as market sentiment suggests that it is a big deal. Dogecoin price is trading at the support level of $0.07918 and managed to stay on top here. The DOGE/USD pair has been volatile for the past few weeks, but it looks like the bulls are finally gaining ground.
The strongest resistance is at $0.0917 and the bulls need to break this level to continue higher.
The market value for DOGE increases to $1 billion, indicating that more buyers are entering the market. The market value of Dogecoin is currently at $12 billion and it seems that the coin is gaining momentum.
Dogecoin Price Analysis and 4-hour Price Chart: Top Line
The 4-hour chart for Dogecoin price analysis reveals that the market has formed an upper line which is currently acting as support for the market. In the last four hours, the price has made a big move. The bulls are holding the trend and managed to stay above the $0.07918 support level. Prices have seen a lot of volatility in the last 24 hours as the Bollinger Bands widen. The upper Bollinger band has moved to $0.087 and the lower band is hovering around $0.0732.
The RSI indicator is also in the overt area, which indicates that the buyers can and are pushing the price higher. The MACD indicator is also in bullish territory and it looks like the buyers are gaining ground.
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One-Day DOGE Chart Price Analysis: Ascending Triangle Pattern
Dogecoin price analysis on the 1-day chart reveals that the market is completely dominated by buyers. Prices have increased slowly since the beginning of the last 24 hours. An ascending triangle pattern also forms with prices currently trading at the tip of the triangle. In the chart, the pair DOGE/USD is currently at $0.09123 and gained around 6.97%. The MACD indicator is also in bullish territory, suggesting that buyers still dominate the market.
A green candle on the chart also indicates that buyers are becoming more aggressive. The signal line for the MACD indicator is also above the zero line and it looks like buyers are gaining strength. The 1-day RSI is at 64.73 and it looks like the bulls may remain strong. The volatility of the market increases with the upper Bollinger band reaching $0.087 and the lower band hovering around $0.0732.
Conclusion of Dogecoin Price Analysis
Dogecoin price analysis reveals that buyers are controlling the market and driving the price higher. The uptrend line on the 4-hour chart provides strong support for the bulls and it looks like the buyers may continue to the upside. Another target for traders is to break the resistance at $0.0917 and if they can do that, we can expect another price increase.