Dogecoin Slowly Retests $0.06 As DOGE Is Seen Moving Higher Over The Next Days

Dogecoin’s (DOGE), price is bullish, with $0.06 support holding its position and potentially reversing the market overnight.

  •         DOGE price analysis shows bullish momentum
  •         DOGE price up by 2.55%
  •         Dogecoin unable to hover lower as observed in the past few hours

Doge/USD may revert, offshoot $0.0625 resistance and rise in the following days.

The general crypto market isn’t looking good and has been stuck in the red zone for the past 24 hours as a result of the increased selling activity.

Bitcoin clearly fell by 1.87%, while Ethereum lost 0.86.

Dogecoin Trading Volume Up 7.66%

Based on CoinMarketCapAs of writing, DOGE is trading at $0.06196 or up by 2.43%.

DOGE has been somewhat volatile over the last 24 hours. Dogecoin has seen a 7.66% increase in trading volume, and the market capitalization stands at around $8.14 billion. This makes DOGE the 10th most traded cryptocurrency.ThLargest crypto by market capital

DoGE shows minimal selling pressure

DOGE’s 4-hour chart shows minimal selling pressure and activity, which suggests that Dogecoin could revert to $0.0625.

Although the DOGE has been falling for the last few days, sellers have lost the same aggressiveness that they once displayed and are now only at a fraction of their former lows.

Following DOGE’s recent spike, Dogecoin tested the key support at $0.060 support. Doge price action is in decline and cannot fall below $0.060. This implies that DOGE may be entering a double bottom.

Bullish movements should resume to recover losses from the week before.

The DOGE market analysis is bullish, as it shows inability to push lower once it’s tested the $0.060 support line.

Doge/USD might move higher, retracing to the $0.065 support zone that was previously set.

DOGE market capital at $8.27 Billion according to the daily chart. Source:| Source:

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