DOGE/USD set to break above $1 soon?

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Dogecoin price analysis is trading bullishly today. However, in the longer term, the overall cryptocurrency is a severe bearish market. The next resistance is found at $0.1. DOGE/USD support is at $0.902.

At the time of writing, Dogecoin is trading at $0.0931, up 13.59 percent in the last 24 hours. The meme coin has a market cap of $12.49 billion and a 24-hour volume of $1.9 Billion.

Dogecoin price analysis is currently in a bullish trend, with prices rising steadily throughout the day. However, in the longer term the overall cryptocurrency market is bearish, and prices could drop sharply at any time. The next resistance level for Dogecoin is $0.1, and support is at $0.902.

Dogecoin price movement in the last 24 hours: Bullish momentum prevails

The Bollinger bands show that prices are trading close to the upper Bollinger band, indicating that prices could continue to rise in the short term. However, the RSI is overbought and approaching 70, which suggests that the current price rally may not be sustainable and prices could correct lower soon.

Dogecoin prices have continued to fall over the last seven days, despite a brief period of bullish momentum earlier in the week. Prices started the week at a high of $0.11, but have since fallen to their current level of $0.0931.

Dogecoin price analysis 4-hour chart: Recent price developments

On the 4-hour Dogecoin price analysis chart, we can see that prices have been in a steady uptrend since bottoming out at $0.0817 on March 11th. Prices have risen steadily since then, and are currently trading at $0.0931.

Source: Tradingview

The overall market trend is bullish, with prices rising throughout the day. However, Dogecoin prices are currently bullish in the short-term, but bearish in the long term. In the short term, prices could continue to rise to $0.1 or higher. However, in the long-term, the overall market is bearish and prices could fall sharply at any time. investors should exercise caution when investing in Dogecoin or any other cryptocurrency.

the MACD is currently bullish, with the MACD line (blue) above the signal line (red). This indicates that prices are likely to continue to rise in the short-term.

The RSI is currently at 63.8, which indicates that the market is slightly overbought. However, this does not necessarily mean that prices will fall soon, as the RSI can remain overbought for extended periods of time.

The Balance of power indicator is currently at 54.5, which indicates that the market is bullish.

The CCI is currently at 109.4, which is well above the 100 level. This indicates that prices are overbought and could fall soon.

Dogecoin is currently in a bullish trend, with prices rising steadily throughout the day. However, in the longer term, the overall cryptocurrency market is bearish, and prices could drop sharply at any time. The next resistance level for Dogecoin is $0.1, and support is at $0.902.

Dogecoin price analysis: Conclusion

Dogecoin price analysis is currently bullish in the short-term, but bearish in the long term. In the short term, prices could continue to rise to $0.1 or higher. However, in the long-term, the overall market is bearish and prices could fall sharply at any time. investors should exercise caution when investing in Dogecoin or any other cryptocurrency.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.



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