CandleFocus Dogecoin (DOGE) Strengthens Ground Amid a 9% Price Jump
2024-10-18
Author: Content Editor
The price of Dogecoin (DOGE) is seeing a potential shift towards a bullish pattern, with recent technical indicators suggesting positive momentum. DOGE has experienced a surge of over 9% in the last 24 hours, reaching a high of $0.1359 and a low of $0.1208. The daily trading volume has decreased by 14% to $1.95 billion. At the time of writing, DOGE is trading at $0.1334 with a market cap of $19.54 billion. An analyst suggests that DOGE could reach $0.13 during a potential price movement. Over the past week, DOGE has seen a 24% increase in price. If it breaks above the $0.1370 level, it may test the $0.1415 resistance, but if it falls below $0.1268, it could test the $0.1220 support zone. The Moving Average Convergence Divergence (MACD) suggests a bullish sentiment, and the daily relative strength index (RSI) is in the overbought zone at 70.60. The short-term 9-day moving average (MA) is above the long-term 21-day MA, indicating a brief bullish pattern and a buy signal.
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