- DOGE price slowed down after showing such strength that it reached a high of $0.15.
- DOGE is likely to face a retracement as the four-hour (4H) time frame shows a bearish divergence with the price showing a slight retracement.
- DOGE price remains strong on the daily time frame as price crosses 50 and 200 . is above exponential moving average (EMA).
Dogecoin (DOGE) price displayed an incredible price action as the price advanced from the $0.055 low to $0.15 high, turning many bullish. With Bitcoin (BTC) and Ethereum (ETH) leading the charge as most crypto assets, including Dogecoin (DOGE), the crypto market has enjoyed a slight respite across most assets, with 150% in less than 7 days. has benefited more. , With the uncertainty in the cryptocurrency market, DOGE may face a retracement in the form of a bearish signal. (data from Binance)
Dogecoin (DOGE) Price Analysis on Weekly Chart
The crypto market is increasingly welcoming as several altcoins have continued to produce gains of over 150% in the past 7 days after exiting their range-bound movement. The likes of DOGE have seen a rally of some great runs.
Last weeks were tough for the crypto space, with many altcoins struggling to maintain their key support areas. After enjoying so many rallies over the past weeks, the week is looking more mixed.
DOGE price reached a high of $0.15 after a weekly close above $0.12; The price faced a minor rejection to break the $0.15 area, leading to an increase in its price.
DOGE price has maintained its bullish structure above the $0.12 area as DOGE price is likely to face a retracement level near the $0.1 area and even lower if it loses this area.
Weekly resistance for DOGE price – $0.15.
Weekly support for DOGE price – $0.1.
DOGE Price Analysis on Daily (1D) Chart
On the daily time frame, DOGE price continued to look strong as the price remained above its range channel, providing strong support from sellers to stop the price.
DOGE is currently trading at $0.13, just above its key support formed at $0.095 on the daily time frame, after a successful breakout from a range channel with good volume, the price reached a high of $0.15, where it was pushed back from the higher trend. was rejected.
DOGE price formed a bearish divergence on the 4H time frame, which indicates that more retracements could be in the pipeline as the price could move back towards the $0.1-$0.095 area. If these levels are lost, we could see a decline in price in the $0.07-$0.055 area.
Daily resistance for DOGE price – $0.15.
Daily support for DOGE price – $0.09-$0.055.
Featured Image From zipmex, Charts From Tradingview