DOGE price continues to show strength as the price remains above the key $0.08 region as the bulls aim to go higher.
The DOGE price continues to look bearish with the current state of the market as most traders and investors remain cautious.
DOGE price bounces from a low of $0.07 on the daily time frame as the price moves with an eye on recovering the price above the 50 EMA

Dogecoin (DOGE) continues to show better price action than in recent times than Bitcoin (BTC) as the price recovers the $0.08 support and anticipates a further rally to a $0.1 region if the crypto market remains in calm before the monthly closing. Despite the Dogecoin (DOGE) relief bounce, the price is still trading below the key region of interest that would attract the attention of many buyers. The ripple effect of the FTX saga and other big investors has left the market paralyzed as the market has yet to make a major move, leading to a lot of fear as to where the market could go next. (Data from Binance)

Dogecoin (DOGE) Price Analysis on Weekly Chart

Despite the uncertainty and turmoil that has affected the Dogecoin (DOGE) price and the crypto market in general, many altcoins are struggling to survive, trying to stay afloat as altcoin prices continue in a price move to the short.

DOGE price declined from a $0.15 region to a $0.7 region as DOGE lost this key support. DOGE price was unable to sustain above $0.1 which led to the price retesting lower price points.

DOGE price continues to hold above $0.08-$0.07, which indicates a good sign for the DOGE army on the weekly chart and other time frames. If the DOGE price misses this region of interest, it would mean that the price would go up and the bears would control the DOGE prices.

Weekly resistance for DOGE price – $0.1.

Weekly support for DOGE price – $0.08-$0.07.

DOGE Price Analysis on the Daily Chart (1D)

DOGE Price Daily Chart | Source: DOGEUSDT on Tradingview.com

DOGE price remains considerably strong on the daily time frame, as the price trades above $0.08 after DOGE saw its price drop from $0.15 to $0.07 as the market continues in its calm state. uncertainty.

DOGE price continues to struggle as the price points to a bigger relief bounce in this region. DOGE price needs to recover and trade above $0.1 for a short-term relief bounce. The $0.1, corresponding to the 38.2% Fibonacci retracement value, will strongly resist the DOGE price.

DOGE prices are trading $0.08 below the 50 EMA, acting as resistance for DOGE to trend higher. The $0.012 price on the DOGE daily time frame needs to recover for the bulls to feel safe.

Daily resistance for the DOGE price – $0.11.

Daily support for the DOGE price: $0.08-$0.07.

Featured image from zipmex, Tradingview charts



This post Dogecoin is $0.08 against all odds; Here’s why this will favor the DOGE army

was published first on https://newsbtc.com/analysis/dogecoin-holds-0-08-against-all-odds-here-is-why-this-will-favor-doge-army/

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