As earlier predicted, price action in the Dogecoin market has broken into the $0.07500–$0.08000 mark.
And, not only that, but it has also advanced through the $0.08000 mark to now settle above that price level at the $0.08200 price mark. Additionally, price action in this market still stands a good chance of continuing on its upside path.
DOGE Statistics
Dogecoin Value Now: $0.08203
DOGE Market Cap: $11,574,360,798
Dogecoin Circulating Supply: 140,320,906,384
DOGE Total Supply: 140,320,906,384
DOGECoinMarketCap Ranking: 7
Major Price Levels:
Top: $0.08203, $0.08302, and $0.08402
Base: $0.08200, $0.08100, and $0.08000
Dogecoin Still Holds Good Upside Promises
On the Dogecoin daily chart, price action has surpassed our expectations in the previous price analysis. Today’s trading activity in this DOGE market has witnessed significant gains considering the size of the last price candle on this chart. Meanwhile, the lines of the Moving Average Convergence Divergence indicator have risen above the equilibrium level.
Also, the recent trading sessions have resulted in a steeper upside climb in the MACD lines. The bars of this indicator are appearing green and are growing taller. By implication, this suggests that bullish momentum is still strong in this market and may keep pushing prices higher.
Bulls in the DOGE Market Are Making Progress
Even on the DOGE/USDT 4-hour market, it could be seen that bulls are maintaining the integrity of their induced price upside retracement. The last price candle on this chart has also poked through the upper band of the Bollinger Bands.
Likewise, the Relative Strength Index (RSI) lines continue to rise upwards after it seems to have aborted a trend reversal move. At this point, the two lines of this indicator are above the 70 mark.
And, considering their orientation, it is reasonable to conclude that upside momentum is still up and may extend the price upside retracement towards the $0.08500 mark.
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