Dogecoin Präis Analyse: DOGE retestéiert lues $ 0.06, Reaktioun méi héich Iwwernuechtung?

Dogecoin price analysis is bullish today as we expect a bounce from the $0.06 support and a retest of the upside overnight. DOGE/USD will likely move back above $0.061, where another lower high will be set.

Dogecoin price analysis: DOGE slowly retests $0.06, reaction higher overnight? 1 — Cryptocurrency Hëtzt Kaart. Quell: Mënz 360

De Maart huet an de rout an de leschten 24 Stonnen gehandelt. De Leader, Bitcoin, verluer 0.87 Prozent, iwwerdeems Ethereum 2.18 percent. Meanwhile, the rest of the market has traded with similar or slightly worse results.

Dogecoin price movement in the last 24 hours: Dogecoin declines back to $0.06

DOGE / USD gehandelt an engem Beräich vun $ 0.05967 bis $ 0.06146, wat eng mild Volatilitéit iwwer déi lescht 24 Stonnen beweist. Den Handelsvolumen ass ëm 52.16 Prozent erofgaang, am Ganzen $ 213.3 Milliounen, während de Gesamtmaartkapital ëm $ 7.95 Milliarde gehandelt huet, an d'Mënz op der 10.

DOGE/USD 4-hour chart: DOGE looks to spike higher?

On the 4-hour chart, we can see rejection for further downside, indicating that more upside will soon be tested.

Dogecoin price analysis: DOGE retests $0.06, reaction higher overnight? — DOGE/USD 4-Stonn Diagramm. Quell: TradingView

Dogecoin Präis action has traded in a consolidation over the past week. After the previous retrace ended at $0.059, DOGE/USD found consolidation area above $0.06, where no significant price action development took place until Friday.

Overnight to yesterday, strong bullish momentum took the market as high as the $0.063 resistance, where an immediate reaction lower followed. Eventually, DOGE retraced back towards previous support, indicating that another rally is unlikely over the next week.

Therefore, we expect Dogecoin price to move higher once again to set another lower local high over the next few days. From there, DOGE/USD should attempt another break lower, likely to the $0.058 support.

Dogecoin Präisanalyse: Conclusioun

Präisanalyse Dogecoin is bullish today as we have seen a substantial drop back to the $0.06 support over the past day. However, since a break lower did not follow, we expect DOGE/USD to begin rallying higher over the next few days.

Wärend op Dogecoin waart fir weider ze réckelen, kuckt eis Artikelen iwwer wéi Dir kaaft Litecoin, Filecoin, an polkadot.

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Quell: https://www.cryptopolitan.com/dogecoin-price-analysis-2022-10-02/