Dogecoin price analysis is bullish today as the market looks set to continue its move higher. After breaking out of a descending triangle pattern, DOGE/USD has found support at $0.502 and looks poised to move higher in the near term. Dogecoin is currently trading at $0.0620 and is up 3% daily.
Dogecoin price movement in the last 24 hours: DOGE looks poised to continue higher
Dogecoin price chart by TradingViewIn the last 24 hours, Dogecoin has continued its move higher and is currently trading at $0.0620. The market looks set to continue to move higher soon, with resistance at $0.0750. On the downside, support is seen at $0.0550 and $0.0502, below which further support is seen at $0.0450. Overall, the bias is bullish in the near term, with a move towards $0.0750 possible in the short term.
DOGE/USD 4-hour chart: Recent price developments
The 4-hour Dogecoin price analysis chart shows that DOGE/USD has broken out of a descending triangle pattern. This breakout sets up a potential move higher towards $0.0750 in the near term. On the downside, support is seen at $0.0550 and $0.0502, below which further support is seen at $0.0450. Overall, the bias is bullish in the near term, with a move towards $0.0750 possible in the short term.
We can expect Dogecoin to continue its move higher. The market looks to test resistance at $0.0750 in the near term. On the downside, support is seen at $0.0550 and $0.0502, below which further support is seen at $0.0450. Overall, the bias is bullish in the near term, with a move towards $0.0750 possible in the short term.
The RSI is currently above 50, indicating that the market has some upside potential in the near term. The MACD is also bullish, with the last line above the slow line. Overall, the bias is bullish in the near term, with a move towards $0.0750 possible in the short term.
On the 4-hour chart, DOGE/USD has broken out of a descending triangle pattern and looks poised to move higher. The MACD indicator is currently in bullish territory, and the RSI is above 50, which indicates that the market has scope to move higher. However, resistance is seen at $0.0750, and a break above this level is needed for further upside.
Dogecoin price analysis: Conclusion
Dogecoin price analysis is bullish today as the market looks set to continue its move higher. After breaking out of a descending triangle pattern, DOGE/USD has found support at $0.502 and looks poised to move higher in the near term.
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Source: https://www.cryptopolitan.com/dogecoin-price-analysis-2022-07-16/