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The post <a href="https://coinpedia.org/price-analysis/dogecoin-price-hints-massive-price-correction-is-it-a-crucial-time-to-hold-doge-memecoin/">Dogecoin Price Hints Massive Price Correction! Is It A Crucial Time To Hold DOGE Memecoin?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The crypto industry continues to display significant volatility in its valuation, highlighting a massive price action in the market. On the other hand, the Memecoin category traded under a strong bearish influence with the DOGE price recording a correction of over 8% over the past week. 
The Memecoin leader, <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/">Dogecoin price</a> traded in a closed range between $0.09366 and $0.09848 for a while, following which the bulls lost momentum and recorded a breakdown in the price. 
After this, the DOGE coin price traded in a closed range between $0.08931 and $0.09366 for over two weeks. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/NjCECf0PW7IcrpxLClku0dBe91-v4u3I7jiLB_sGdF8XgEYpNgBLNw4MXBh3wZGaMCNgivghqXLEFR_K4x57yLA0nXVar-oiAcOeDGGwp1EppgLBZS9djA7NdQ_XR2q-GTslL0u5Gyofob2nwKQL6xM" alt="Dogecoin Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: DOGE/USDT
 </figcaption>
</figure> 
The bulls made multiple attempts to hold the price above the support level of $0.08931, but the bears overpowered the bulls, resulting in the price recording a correction of approximately 15% in its valuation. 
After this, the price traded sideways in a range between $0.07981 and $0.08416 for a while. As the market experienced a correction, the Doge coin price experienced another correction of 5%. 
Since then, the price has been constantly trading in a consolidated range between $0.07597 and $0.07981, indicating a neutral trend in the market. 
<h2 class="wp-block-heading" id="h-will-the-doge-price-hit-0-01-soon">Will The DOGE Price Hit $0.01 Soon?</h2> 
The technical indicator, MACD, displays a steady decline in the green histogram, suggesting a decrease in the buying pressure for the coin. Further, the averages show a high possibility of a bearish convergence, highlighting a bear power in the industry. 
If the bulls push the price above the resistance level of $0.07981, the DOGE price will regain momentum and prepare to test its upper resistance level of $0.08416. Maintaining the price at that level will set the stage for Dogecoin to attempt to test its key resistance level at $0.08931 in the coming time. 
Negatively, if the market fails to regain momentum, the price will fall and test its support level of $0.07597 soon. Moreover, if the bears continue to dominate the market, the DOGE price will plunge and prepare to test its lower support level of $0.07168 by the week ahead.

Dogecoin Price Hints Massive Price Correction! Is It A Crucial Time To Hold DOGE Memecoin?

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