Continued Bullish Momentum Pushes DOGE to $0.08076 – Cryptopolitan
Dogecoin’s price has become bullish with an increase in price to $0.08076 after breaking the $0.0807 barrier. Despite a bearish trend at the start of the day, Dogecoin’s price had gained nearly 0.90% within 24 hours, indicating a positive outlook for the digital currency. There has been a 20.57% decline in the 24-hour trading volume, down to $262 million. However, the Dogecoin price may have increased due to an increase in demand amongst institutional investors for cryptocurrency. The 1-day Dogecoin price analysis indicates an uptrend, backed up by the formation of a bullish trendline on the DOGE/USD pair. The Relative Strength Index (RSI) index has improved and is positive, with the DOGE/USD price attempting to cross the resistance, indicating a bullish potential. Over the past 24 hours, the 4-hour Dogecoin price analysis shows a strong uptrend, indicating that DOGE remains bullish as long as the digital asset remains above the support at 0.07942. The 50-day and 200-day moving averages are both trending upwards, suggesting a long-term positive trend, while the RSI is currently at 52.24. Overall, the Dogecoin price follows an uptrend and shows clear signs of recovery after experiencing a decline, holding bullish potential.