CandleFocus Dogecoin Holds Above $0.10 Amid Strong Buying Demand
2024-10-10
Author: Content Editor
The price of Dogecoin (DOGE) has been trading between moving average lines since October 1. Last week, it traded above the 50-day SMA support but below the 21-day SMA resistance. Currently, it is above the $0.10 support but below the $0.115 resistance. If the bulls break the 21-day SMA, DOGE may reach its previous high of $0.132. However, if the bears break the 50-day SMA, the altcoin may drop to a low of $0.089. The presence of doji candlesticks has caused the price action to remain steady. DOGE/USD is currently range bound between $0.10 and $0.115, with strong buying pressure above the $0.10 support.
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