Momentum

Dogecoin

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/doge-price-analysis-losing-momentum-in-a-channel-will-doge-price-reach-0-10/">DOGE Price Analysis: Losing Momentum In A Channel, Will DOGE Price Reach $0.10?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
DOGE coin price shows a slowly declining trend in the daily chart with a falling channel pattern for the last 8 months. Currently, the DOGE price reflects a positive cycle in motion, accounting for a price jump of 33% in the last two months.&nbsp; 
However, with the higher price rejection from the overhead resistance of the falling channel, DOGE prices struggle to give a bullish breakout. Moreover, with the double top pattern with the neckline close to the 200-day EMA, the Dogecoin price might soon start a negative cycle.&nbsp; 
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 <img decoding="async" src="https://lh6.googleusercontent.com/uVSSGL1YctPDbuFKgZGIk6NkNqDxw4iw5uxZkJTeviKg1jWsRBnxHGZt0yjRUayGxtZXrBezK9Fpe7soHErnxL_ivoEP41jwoPSfCoX99RQVtwCSUsCaBKPgcYaV8L1e04l9WmZYxnGOAz3ZjUw-GuA" alt=""> 
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At the moment of writing, the DOGE coin price trades at $0.0794 with an intraday gain of 1.53%, reflecting underlying solid bullish sentiments. However, the DOGE prices continue trending sideways for almost a week after the 10% jump on 25th July.&nbsp; 
Therefore, if the DOGE prices sustain above the 200-day EMA, the uptrend can lead the meme coin to $0.10. Moreover, the golden crossover seems imminent with the positive trend in the 100-day EMA and 50-day EMA.&nbsp; 
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 <img decoding="async" src="https://lh4.googleusercontent.com/Lj-tPECf4-6-r1O15DSxdvnEcJtnI3om818VUsv69utAGHrqgaOkaBDOyM2bSjXWbfCmLjMc09RC7GyUHRKHXIrtT7S9vavUTU2PvNSkrZFpiRu209TQsNtMv2YGc1sQpZB8tfhBN13bkrti4WK-SQo" alt=""> 
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Coming to the trading volumes, the sideways dictates a triangle pattern in the 4-hour chart and shows a decline in volume. The triangle pattern breakout will set the DOGE price trend in the larger timeframe.&nbsp; 
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 <img decoding="async" src="https://lh5.googleusercontent.com/VAwJzSCIo-bQ6n9fz7sUxG5-4fxTYmMJ-cEyJjCv72-BReyCfKNT1fzOBk5yoLTB1vgl8FoqX2kApNRTyHCqcuCet53BJwS_9nO_zG3IvL7gN5MFowWRRzQXReR0dL6yxmRTGAwCNzDKscC8IncwMDY" alt=""> 
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With the 0.39% number of whales going down, DOGE investors and retailers are ready to hoard, projecting the strong momentum of DogeArmy. It is evident by the 7.66% and 0.83% growth in DOGE investors and retailers.&nbsp; 
In a nutshell, the DOGE price can reach $0.10 with a bullish breakout of the triangle. On the opposite end, closing below $0.075 will drop the Dogecoin price to $0.70.

DOGE Price Analysis: Losing Momentum In A Channel, Will DOGE Price Reach $0.10?

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