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Cryptopolitan 2021-09-27 03:43:10

Dogecoin price analysis: DOGE/USD is bullish for the next 24 hours

TL;DR Breakdown Dogecoin price analysis is bullish.DOGE/USD still holds above $0.20.DOGE is currently trading at $0.2080. The Dogecoin price analysis is positive today, as the market has resumed finding support at $0.20 and is presently looking to reverse. As a result, we anticipate DOGE/USD to rise higher over the next week and perhaps breach the $0.23 local swing high. As we can see, today’s close is well above the $0.20 local support, which opens up the way for a resistance test at $0.2150. However, before that happens, Dogecoin may consolidate in a range of $0.20-0.21 before we see the market attempt a break higher. Dogecoin’s price is trading within a bullish flag pattern and holds above the key support level at $0.20 (marked in orange). A close below this level will invalidate the bullish outlook and open up the way for further losses in the market. Dogecoin price movement in the last 24 hours: Dogecoin still holds above $0.20 DOGE/USD traded in a range of $0.1945 – $0.2119, indicating mild volatility over the last 24 hours. Trading volume has increased by 17.32 percent and totals $1.5 billion, while the total market cap trades around $27 billion, ranking the coin in 10th place overall. Today, DOGE is trading at $0.2097 and continues to find support at $0.20 (marked in orange). The market has shown great appetite for buying dips during the past couple of days or so, and this indicates that there could be eno...

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