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<ul><li>Even though it appeared that the cryptocurrency market as a whole was down for the day, the price of Dogecoin rose by about 10%.</li><li>Elon Musk&#39;s tweet &#34;DOGE to the moon&#34; may have caused this price hike.</li></ul><h2 id="header-0">The price of Dogecoin increased by about 10% even if the cryptocurrency market as a whole seemed to be down for the day.</h2>It appears that Elon Musk&#39;s initial tweet, &#34;DOGE to the moon,&#34; during a Twitter conversation may have contributed to this unexpected price increase. However, the memecoin price continues to face resistance at $0.093, keeping bears in control of the trend.The $0.0934 barrier level is being challenged by the Dogecoin price. A daily candlestick over the $0.0934 threshold could keep a relief rally going longer. The Dogecoin coin had a $1.79 billion 24-hour trading volume, which is a 16% growth.At the end of October, <a href="https://www.coingabbar.com/en/crypto-currency/dogecoin-doge-prices-usd" rel="noopener noreferrer nofollow">Dogecoin</a> had a significant rally as a result of Elon Musk buying Twitter. Additionally, the positive growth was strengthened by the growing whale accumulation, which drove the coin&#39;s market value to a six-month high of $0.0159.The profits made during the aforementioned increase, however, have all but vanished due to the recent massacre in the cryptocurrency market. As a result, the price of Dogecoin dropped by 50% and stabilised at $0.7425 in the local currency.Anyhow, if Elon Musk&#39;s initiatives continue to boost the price of dogecoin, a positive breakout over the resistance level of $0.0933 would signal a major price increase. Therefore, development might raise the pricing by 20% to $0.11 per unit.On the other hand, a breakdown below $0.074 would cause the decline to continue until it reached the $0.568 level.Technical IndicatorRSI indicator: The daily-RSI slope fell below the neutral line, indicating a change in the market&#39;s mood from positive to negative. Consequently, this breakdown supports the bearish thesis, which may reach $0.568.Dogecoin&#39;s price fluctuation between the 20- and 100-day EMAs emphasises the aforementioned range. A breakout from either EMA will provide more support for the corresponding rally.Levels of resistance: $0.094 and $0.11Levels of support: $0.074 and $0.055

Dogecoin price rises 10 percent despite market sentiment

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