Dogecoin (DOGE) Is Reaching Higher

Dogecoin has made it through to the second spot on today’s list of top-performing crypto coins. This cryptocurrency recorded a price increase of 4.38%. Interestingly, it can be observed that price movement seems to be gaining momentum, and this may result in more gains for this market.

Dogecoin Market Statistics

Current Price: $0.2338

Market Capitalization: $35.38B

Circulating Supply: 150.85B

Total Supply: 150.85B

CoinMarketCap Rank: 4

Key Price Levels

Resistance: $0.2500, $0.2750, $0.3000

Support: $0.2300, $0.2000, $0.1750

DOGE Eyes the $0.2500 Price Level

On the Dogecoin daily chart, price action has continued to push higher. This development came after price action bounced off the support of the $0.2100 price level. The ongoing session can be seen leaping upward while still trading at a distance above the 9-day Exponential Moving Average (EMA).

Likewise, the Stochastic Relative Strength Index (SRSI) indicator lines are maintaining a clear upward trajectory. The lead line is now testing the 80 level and stands as a clear indication that upside forces are still prevailing.

Dogecoin Bullish Momentum Continues to Mount Pressure

Even on the 4-hour chart, DOGE/USDT price action is proceeding upwards. As it stands, price candles can be seen keeping to an upward path for the past three sessions. Also, price action remains positioned above the 9-day EMA curve.

The lines of the SRSI indicator can be observed persisting in the overbought region. The lead line of the indicator is seen dragging sideways around the 100 level. At this point, it appears this market is preparing to push toward the $0.2400 price level and perhaps advance toward the $0.2500 mark.

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