The price of DOGE is still bullish as it remains above $0.1As bulls dominate the market, the price remains firm; The price aims to rebound to $0
- The price of DOGE is still bullish as it remains above $0.1
- As bulls dominate the market, the price remains firm; The price aims to rebound to $0.15
- The price of DOGE is higher than the daily moving average of 50 and 200 indices (EMA)
The price trend displayed by Dogcoin is worth paying attention to, and its performance in recent days has outperformed Ethereum (ETH) and Bitcoin (BTC).
In a high time frame, the price of Dog Coin (DOG) appears to be strong, and if the market remains optimistic, there may be an upward trend.
Despite the rebound and uncertainty in the cryptocurrency market, the FTX fiasco continues to serve as a catalyst for the market's bottoming out rebound.
The domino effect of FTX Legend and other large investors has caused the market to stagnate as it has not yet taken significant measures, raising concerns about market direction.
Price Analysis of DOGE Weekly Chart
Despite a easing rebound in the entire market, with the price of DOE rising from a weekly low of $0.08 to a high of $0.104, the crypto market remains uncertain and volatile, affecting the price of DOE.
Given the abundance of news that all encryption assets are about to surrender, coupled with FTX and other encryption projects suffering from bankruptcy, the bottom may soon arrive.
Due to the inability to break through $0.15 in price, the price of DOGE has shown such a strong rebound after rebounding from a weekly low of $0.08 to a high of $0.088, resulting in a key area where the weekly closing price is below $0.09.
Due to the bullish price of DOGE within a low time frame, if the market recovers, the price may rebound to a high of $0.15.
Weekly resistance level for DOGE prices - $0.15.
Weekly support for DOGE prices - $0.09.
Price analysis by DOGE on daily (1D) charts
After closing above $0.088, the price of DOGE remains quite firm within the daily time range. As DOE's price target breaks through the $0.12 range, we may see more prices rebound to a high of $0.15.
The price of DOE is currently trading above $0.12 for 50 and $200EMA, supporting the price of DOE to drop to $0.09.
If the price of DOGE breaks through and remains above the 38.2% Fibonacci level, we may see further increases in DOGE prices, indicating more buying and long control.
If the price of DOGE fails to flip, the $0.11 area corresponds to 50% of the Fibonacci value; According to market sentiment, we may see the price retested at $0.1 or less.
The daily resistance level of the DOGE price - $0.12.
Daily support for DOGE prices - $0.09.
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