Dogecoin price analysis DOGE to break past $0.7 over the weekend

Today’s Dogecoin price analysis is bullish as the market is expected to continue its upward movement. After breaking through a descending triangle pattern, DOGE/USD found support at $0.502 and seems poised to move higher in the short term. Dogecoin is currently trading at $0.0620 and up 3% daily.

Dogecoin price action in the last 24 hours: DOGE seems poised to continue higher

Dogecoin price chart by TradingView Over the past 24 hours, Dogecoin has continued to advance and is currently trading at $0.0620. The market is likely to move higher soon with resistance at $0.0750. On the downside, support is seen at $0.0550 and $0.0502, with additional support below $0.0450. Overall, the bias is bullish in the short term with a possible short term move towards $0.0750.

DOGE/USD 4-hour chart: recent price action

The 4 hours chart of Dogecoin price analysis shows that DOGE/USD has broken through a descending triangle pattern. This break creates a potential upside move towards $0.0750 in the short term. On the downside, support is seen at $0.0550 and $0.0502, with additional support below $0.0450. Overall, the bias is bullish in the short term with a possible short term move towards $0.0750.

We can expect Dogecoin to continue the upward movement. The market expects to test resistance at $0.0750 in the near term. On the downside, support is seen at $0.0550 and $0.0502, with additional support below $0.0450. Overall, the bias is bullish in the short term with a possible short term move towards $0.0750.

The RSI is currently above 50, which indicates that the market has some upside potential in the short term. MACD is also bullish with the latest line above the slow line. Overall, the bias is bullish in the short term with a possible short term move towards $0.0750.

On the 4 hours chart, DOGE/USD has broken through a descending triangle pattern and seems poised to move higher. The MACD indicator is currently in the bullish zone and the RSI is above 50, indicating that the market has room for an upward movement. However, resistance is seen at $0.0750 and a break above this level is required for further upside movement.

Dogecoin Price Analysis: Conclusion

Today’s Dogecoin price analysis is bullish as the market is expected to continue its upward movement. After breaking through a descending triangle pattern, DOGE/USD found support at $0.502 and seems poised to move higher in the short term.