Latest Posts

Dogecoin Shows Signs Of Vigor – DOGE Target Of $0.075 Within Range

- Advertisement -


Dogecoin is currently showing signs of renewed viability as the cryptocurrency market begins to flex its muscles as well.

- Advertisement -

Meme coins are now getting more and more attention as the main cryptocurrency continues to grow and grow. Dogecoin (DOGE) is trading moderately volatile ranging from $0.0655 to $0.06867 overnight.

- Advertisement -

Crypto space flashing green: Bitcoin up 0.82%, Ethereum up over 4% and Solana joins the group as the biggest gain with 10%.

- Advertisement -

DOGE trading volume rose 21.22%, or a total of $528.5 million. Now the coin is in 10th place.th a place with a total market capitalization of $9 billion.

DOGE has failed to move higher in the last couple of hours, indicating a further correction or retest.

Suggested literature | Solana adds 70% more shine – can SOL retain light?

Dogecoin Hits $0.069 Resistance Level

On the other hand, Dogecoin is moving forward from the previous low at $0.058 to the main resistance level at $0.069.

With this in mind, the losses that were incurred in the first days of July are already tracked and a reversal should occur soon. Can DOGE easily break from $0.070 to $0.075 now?

But at the moment there is no lower set low, so a rally can be expected as soon as a new higher local low is set.

At this point, it may be difficult for Dogecoin price to rise above $0.069 as it continues to offer strong resistance.

On the other hand, DOGE/USD could drop below $0.065, seen as immediate support, where the next likely higher low could be set within the next few days.

DOGE total market cap at $9.83 billion on the daily chart | Source: TradingView.com

Once this retest is complete, another attempt is expected to rise above $0.069 and possibly break the $0.070 barrier. Now, if DOGE drops below the $0.0625 resistance mark, there could be further declines in the next few days.

Today there is a bearish movement in DOGE/USD due to a small pullback that turned into consolidation. With this in mind, Dogecoin is unlikely to rise higher and will tend to pull back further later in the week.

DOGE could easily break through $0.075

Meanwhile, Dogecoin transactions have skyrocketed, with more than 70,000 numbers changing hands in the last 24 hours. The sudden spike in transactions could be the result of whales betting more DOGE.

Moreover, the increase in DOGE transactions could also be indicative of massive selling pressure as whales can strategically move their funds from cold wallets to crypto exchange addresses.

Dogecoin consistently shows great results. As of this writing, DOGE is currently trading at $0.074, up 25% over the past seven days.

Suggested literature | Landfill Price Soared 60% – Is MATIC Closer to $1 Target?

Featured image from Train Magazine, chart from TradingView.com



Credit : www.newsbtc.com

- Advertisement -

Latest Posts

Don't Miss