Coin Gabbar Token

Analysis of the dogecoin price indicates a sideways trend with a slight negative trend. After a $0.090 high test, the price had an almost 15% correction. As <a href="https://www.coingabbar.com/en/crypto-currency/dogecoin-doge-prices-usd" rel="noopener noreferrer nofollow">DOGE/USD </a>has been consolidating close to the critical support level, we expect a recovery.The market structure as it appears now indicates a marginally bullish outlook over the previous 24 hours. At the time of posting, DOGE/USD is trading at $0.08090, up 1.10% for the day. The trade volume dropped by more than 52% to $719,092,978. It is now ranked as the tenth biggest cryptocurrency by market cap, which is $10.73 billion.The DOGE/USD pair is very close to the double bottom support level and crucial trading level of $0.080.Analysis of the <a href="https://www.coingabbar.com/en/crypto-blogs-english/what-are-meme-coins" rel="noopener noreferrer nofollow">dogecoin </a>price indicates that the pair has beginning to consolidate. On the fifth trading day of the week, the data from the declining volume shows that bulls are still holding their ground.The 61.8% Fibo retracement level provided support for the dogecoin price on the four-hour chart. Additionally, the 20-day exponential moving average (ema) is at $0.080 at this time. Therefore, both bulls and bears must trade around the $0.080 level.As the pair trades in an ascending channel, strong buying pressure would bring the price above near $0.085 at this time. A higher acceptance rate could attract more buyers and push the price up to $0.090.On the hourly time frame, the price is rejected around the upper trendline as it moves inside the downward channel. However, the bulls were able to hold onto $0.080 in today’s session.The negative movement can end if there is a green candlestick above the 20-day ema. An hourly close above $0.082 may provide the ground for the next leg-up.KEY LEVELS :RESISTANCE LEVEL : $0.08500-$0.08900SUPPORT LEVEL : $0.07700-$0.07300

Cryptocurrency price update: DOGECOIN PRICE ANALYSIS : Consolidates Near $0.080; What Support Will Come Up?

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