TL;DR Breakdown Dogecoin price analysis is bearish for today.DOGE/USD rallied lower in the morning hoursDOGE saw a quick drop lower to $0.24 Dogecoin price analysis is strongly bearish after undergoing a 17 percent downtrend on the 24-hour chart to $0.2449. The coin rejected further upsides after a quick morning dash to the $0.3000 support and went on to form resistance at $0.2900. We expect the DOGE/USD pair to move downwards in the next 24-hours and build a support base at $0.2100. Overall, the cryptocurrency market traded with bearish momentum over the last 24 hours. Bitcoin crashed by 12 percent, while Ethereum lost more than 14 percent. Solana and Cardano also became losers on the daily chart after shedding more than 7 percent of their value overnight. 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 $0.2384 – $0.2638, indicating mild volatility over the last 24 hours. Trading volume has increased by 39.71 percent and totals $2.83 billion, while the total market cap trades around $40.12 billion, ranking the coin in 8th place 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 downtrend that could break below the daily low at $0.2384. DOGE/USD 4-hour chart. Source: TradingView Dogecoin price action has struggled to sustain higher gains in the last few week...
