Analiza prețului Dogecoin: DOGE începe să retragă, pare să spargă 0.061 USD?

dogecoin price analysis is bullish today as we have seen a strong reversal overnight and bullish momentum resuming during the day. Therefore, we expect DOGE/USD to continue even higher overnight and look to retrace even further.

Dogecoin price analysis: DOGE begins to retrace, looks to break $0.061? 1 — Harta de căldură a criptomonedelor. Sursă: Coin360

The market has traded with mixed results as the leader, Bitcoin, lost 0.48 percent, while Ethereum almost 1 percent. The rest of the market traded slightly in the green, with Dogecoin up 1.9 percent.

Dogecoin price movement in the last 24 hours: Dogecoin reverses at $0.058

DOGE/USD traded between $0.05794 to $0.06079, indicating strong volatility over the last 24 hours. Trading volume has declined by 9.72 percent, totaling $366 million, while the total market cap trades around $8 billion, ranking the coin in 10th place overall.

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DOGE/USD 4-hour chart: DOGE set to rally further?

On the 4-hour chart, we can see strong bullish momentum over the past day, indicating that more retrace will follow overnight.

Analiza prețului Dogecoin: DOGE începe să retragă, pare să spargă 0.061 USD? — Diagrama DOGE / USD pe 4 ore. Sursă: TradingView

Pretul Dogecoin action has traded in a several-week consolidation over the past weeks after a strong selloff at the end of August. Resistance at $0.064 was tested several times as DOGE/USD attempted to rally higher.

Swift breakout attempt followed early yesterday, however, it was immediately rejected, forming a strong rejection candle. From there, selling pressure quickly piled up, leading to a massive drop past previous lows.

Eventually, the Dogecoin price found support at $0.058. Reversal followed overnight, beginning the current move higher. If DOGE/USD can sustain the momentum, we could see the $0.061 broken and lower local high to be set over the next 24 hours.

Analiza prețului Dogecoin: Concluzie

Analiza prețului Dogecoin is bullish today as we have seen a strong upside from the $0.058 support that was set overnight. Therefore, we expect DOGE/USD to look to break past $0.061 resistance and set another lower high soon.

În timp ce așteptați ca Dogecoin să se deplaseze mai departe, vedeți articolele noastre despre cum să cumpărați Litecoin, Filecoin, și Buline.

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Sursa: https://www.cryptopolitan.com/dogecoin-price-analysis-2022-09-07/