Cryptopolitan
2021-09-16 07:06:35

Dogecoin Price Analysis: DOGE corrects lower the $0.25 mark

TL;DR Breakdown Dogecoin price analysis is bullish for today.DOGE/USD rallied higher yesterday.DOGE saw a quick spike lower to $0.30. DOGE is trading bearishly on the 24-hour Dogecoin price analysis after the market recorded a quick drop to the $0.2450 region overnight. Since further upside was heavily rejected on today’s chart, we are hoping for DOGE/USD to move lower over the next 24 hours and try to retest the $0.2300 resistance next. The general cryptocurrency market is trading bullishly after the majority of the coins recorded more than 4 percent in gains. Bitcoin and Ethereum saw a gain of 3 percent and 3.08 percent respectively. Dogecoin price movement in the last 24 hours: Dogecoin retests $0.30 as support after a rally yesterday DOGE/USD traded in a range of $0.2412 – $0.2479, indicating mild volatility over the last 24 hours. Trading volume has increased by 15.71 percent and totals $1.073 billion, while the total market cap trades around $32.22 billion, ranking the coin at position 9 overall. DOGE/USD 4-hour chart: DOGE targets $0.33 next? On the 4-hour chart, we can see the Dogecoin price preparing for a breakdown at $0.2430 rejecting any substantial gains beyond $0.2500.  DOGE/USD 4-hour chart. Source: TradingView Dogecoin price action found it difficult to record any further upsides over the past weeks. After rallying to $0.35 in August, a strong retracement took place on the 17th of that month. DOGE/USD dro...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer