Analysis of DOGE’s Price Movement on April 29th
Despite a relatively neutral trend, Dogecoin (DOGE) buyers remain persistent according to the CoinMarketCap ranking. DOGE’s price has increased by almost 1% over the last 24 hours and the cryptocurrency is currently trading sideways. Traders should pay attention to the $0.082 level, and if the price reaches and fixes above it, the rise may continue to the $0.084-$0.086 zone. However, DOGE is not yet ready for a sharp move as low volume is confirmed on the bigger chart. From a midterm perspective, DOGE is likely to keep trading sideways until mid-May and there may be ongoing consolidation in the range of $0.075-$0.09 for the next few weeks. As a disclaimer, the opinion expressed in the article is for informational purposes only and does not necessarily reflect the opinion of the publication. Potential investors should perform their own research prior to making decisions and should only invest money they can afford to lose.
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