Bulls Dominate Market as DOGE Surges to $0.07343 – Cryptopolitan
Dogecoin has experienced an uptrend, with a surge to $0.07343 and increasing bullish pressure over the last 24 hours. The support level is around $0.07007, while the resistance level is at approximately $0.07579. If momentum from bullish investors persists, Dogecoin may soon break its previous high of $0.08793. The cryptocurrency market is in the green zone, with Bitcoin increasing by 6.26%, Ethereum gaining 3.14%, and Dogecoin rising by almost 3.70%, performing better than other major cryptocurrencies. On the 1-day chart, Dogecoin has formed a bullish pattern by forming higher highs and higher lows, after a week of bearish market activity. The moving average value is standing on the $0.0704 mark, below the current price, as the bulls dominate. The Bollinger bands are expanding upwards, indicating the increasing control of the bulls. The RSI is also on an upward trajectory, showing that buyers have control of the momentum and are pushing it higher. On the 4-hour chart, the moving average value is trading below the price level due to the uptrend over the past few days. The volatility is slightly high, with the upper Bollinger band value at $0.0776 and the lower value at $0.0682, with the price trading between the upper band and the mean average of the indicator. The RSI is also above the 50 mark, indicating bullish activity. Overall, the Dogecoin price analysis suggests that the bulls may continue their lead, with a comparatively stable cryptocurrency price of $0.07343 and a potential for continued upward movement.
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