DOGE/USD Targets $0.700 Resistance Level

The DOGE/USD market takes its support at $0.569 on the 22nd of September to make for an upward price level with a very significant bullish candlestick pattern. However, in today’s market, at the height of $0.0686, traders begin to sell and the price falls and it is now balancing at $0.0649. If buyers can manage to keep a hold on the market today, Dogecoin may continue to rise in value.

 Dogecoin Market Price Statistic:

• DOGE/USD price now: $0.06519
• DOGE /USD market cap: $8,613,730,715
• DOGE /USD circulating supply:132,670,764,300
• DOGE/USD total supply: 132,670,764,300
• DOGE/USD coin market ranking: #10

Key Levels

• Resistance: $0.07000, $0.0750, $0.0800
• Support: $0.06000, $0.05500 $0.05000

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 Dogecoin Market Price Analysis: The Indicators’ Point of View

In the Bollinger band indicator, the upper band and the lower bands compress against the price action, and the latest price action (candlestick) gets closer to the upper band of the Bollinger band. This increases the probability of the continuation of the up-trend market. But in the MACD indicator, we see that DOGE/USD is breaking away from the ranging market and heading towards the upside. The RSI says the same thing as the RSI line measures 55% while the signal line measures 45%.

Dogecoin: DOGE/USD 4-Hour Chart Outlook 

After the strong bullish market that opens the day’s session, we begin to see some little bearish advancement. But they are not such a strong move. Another thing to note from this point of view is that this bearish price retracement is a result of a correction of price from the overbought.