Test

Dogecoin

Trillion

The post <a href="https://coinpedia.org/price-analysis/doge-price-hints-a-massive-breakout-despite-losing-its-0-1-mark/" rel="noopener noreferrer nofollow">DOGE Price Hints A Massive Breakout, Despite Losing Its $0.1 Mark!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the market leader, Bitcoin, achieving its $57,000 mark, the cryptocurrency industry has successfully reclaimed the $2 Trillion mark. It is currently valued at $2.15 Trillion, indicating a massive bullish influence in the crypto market.
Further, Dogecoin had recently achieved the $0.1 mark for the first time in over two months. However, the rally was short-lived, and the price experienced a minor pullback. The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" rel="noopener noreferrer nofollow">DOGE coin price</a> has recorded a jump of over 5% within the past day and approximately 13% over the past week.
<h2 class="wp-block-heading" id="h-doge-price-on-the-path-to-test-its-crucial-level">DOGE Price On The Path To Test Its Crucial Level!</h2>
The DOGE coin price displayed a neutral trend by trading in a narrow space between $0.07769 and $0.07980 for over a week, following which the market gained momentum and the memecoin broke out of the resistance level.
However, the rally was short-lived as the price faced rejection at $0.0803, after which the price traded between $0.07980 and $0.0803 for the next six days. As the market volatility grew, the leader of memecoins recorded a jump of 7.16% in valuation.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/MKTW4JWZspZUl2q-jIKHo8VGqhL2sOzlY3RQLQydMDVO4GT6-4lho1fgcqiy4myBxz4MLnYZy3eW8IoXJOU7Eosy38V5PG1dbwrgRdfHCn1ZWfZ6-e9ufiYOTifi3-mmfNNBO3LjqPCO37CYlpqA5CA" alt="Dogecoin Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: DOGE/USDT
 </figcaption>
</figure>
Following this, the price traded in a closed range between $0.0803 and $0.08629 for about two weeks, during which the coin displayed significant fluctuations in the chart.
Recently, the bulls regained momentum and recorded a jump of approximately 19%, after which it faced rejection at $0.10. Since then, the price has been trading under a bearish influence and is on the verge of testing its crucial support level, the outcome of which is uncertain.
The Relative Strength Index (RSI) displays a sharp fall from above the overbought range, indicating a reversal of sentiments in the crypto industry. Further, the averages show a bearish convergence in the 4H time frame, suggesting a bearish price action for the coin in the coming days.
<h2 class="wp-block-heading" id="h-will-dogecoin-price-go-up">Will Dogecoin Price Go Up?</h2>
If the market holds the price above the support level of $0.09431, the bulls will regain momentum and test its resistance level of $0.09700. Maintaining the price at that level will set the stage for the DOGE price to attempt to retest its upper resistance level of $0.1 this week.
Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its support level of $0.08949. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.08629 in the upcoming weeks.

DOGE Price Hints A Massive Breakout, Despite Losing Its $0.1 Mark!

목차

CoinPedia News

2024년 2월 28일에 게재된 다른 기사

Justin Sun’s Personal HTX Holdings Exceed Exchange’s Total Bitcoin Reserves

HashKey OTC secures in-principal license approval in Singapore

Bitcoin Price Prediction: BTC Eyes $60k On Ballistic 38% Pump In A Month As Fidelity Sees Bitcoin...

The GCC to Unlock the Metaverse With $15 Billion Virtual Venture by 2030

Maximize Earnings with Superior Bitcoin Layer-2 Staking over Interest Rates

Red Bull Racing Teams Up with Tezos in Crypto Partnership

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!