- Dogecoin has managed an overnight hike of 4.1%, and its value has touched $0.002002
- It holds support from its 20-day moving average at $0.0020
As the majority of the coins in the market have been marching upwards, Dogecoin seems to have yielded decent. Over the last 24 hours, it has been pushed upwards by 4.1%, and it is currently traded at $0.002002. And as per the current momentum, the currency might keep the trend intact for a while.
Dogecoin Price Analysis
DOGE/USD faces a hurdle to trade stably above $0.0020 mark over the last two days as it faces rejection above it. However, after hitting a low at $0.00194 yesterday, Dogecoin managed to trade with bullish influence and trades stably above $0.0020.
Yesterday, the price spotted at $0.001923, and in the next 7 hours, it was uplifted by 5.03%. Then, Dogecoin continued to trade with upward momentum and reflected another push of 6.92% that took the price to the highest point of the day at $0.00207723 by 16:34 UTC. Later, the currency cooled down the pace and reflected moderate stability. At the time of writing this analysis, the coin was trading at $0.002002 with having support from a 20-day MA.
Dogecoin’s 50 days MA is well above the current price. Its RSI is still below 45 points and tilted downwards. However, as per the price movement of the past 24 hours, DOGE price may test the next resistance at $0.002041 in the upcoming hours.