Dogecoin Price Retests $0.22, Breakout Rally To Push Price Beyond $0.3?

With a ~7% bounce previously 24 hours, the DOGE meme coin has maintained its bullish sentiment within the cryptocurrency market. With a buying and selling quantity of $4.192 billion, Dogecoin worth is presently exchanging palms at $0.210.

Amid present market sentiment, will DOGE worth hit a brand new yearly excessive this weekend and head in direction of the $0.30 mark? Dive in and uncover the potential short-term worth motion of this memecoin.

DOGE Worth Bullish Momentum Holds!

The memecoin has registered 5 out of 6 inexperienced candles this week. This has resulted within the worth growing by 30.38% throughout this era. Furthermore, Dogecoin worth has doubled its long-term investor’s funding within the final 30 days with a bounce of 98.28%.

At the moment, this memecoin is buying and selling above $0.21 and could also be heading in direction of its yearly excessive across the $0.2290 resistance stage.

DOGE Meme Coin Technical Evaluation

The EMA 50/200 day has proven vital motion on the Dogecoin worth chart after recording a Golden Cross. This underlines the elevated bullish sentiment out there.

The Transferring Common Convergence Divergence (MACD) has persistently proven a inexperienced histogram for a few month, with the averages registering aggressive development within the 1D timeframe.

Will Dogecoin Worth Attain $0.3 This Moonvember?

If the memecoin chief retains its worth above $0.21, this can pave the best way to retest its resistance trendline at $0.23. If bullish sentiment strengthens at that time, it might probably act as a catalyst for the DOGE coin worth in direction of the $0.255 mark.

Conversely, if sentiment turns unfavorable, it might pull the Dogecoin worth in direction of the decrease help stage of $0.155 this yr.

Are you one of many many who’re eagerly ready for this meme coin to succeed in a brand new excessive? However uncertain concerning the worth outlook? Learn our Dogecoin (DOGE) worth prediction!

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