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DOGE jumps to $0.1580 in Dogecoin price analysis

  • The price analysis for Dogecoin appears to be optimistic.
  • At $0.1620, the most significant resistance exists.
  • At $0.1394, the strongest support is found.

The Dogecoin price research shows that the market is in a strong bullish trend. The price of Dogecoin was $0.1545 on February 11, 2022. The price of the meme cryptocurrency has fallen, causing Dogecoin’s value to fall slightly. The price stayed constant at roughly $0.1472 on February 12, 2022, before beginning a rise on February 13, 2022, reaching $0.1573. With a trading volume of $1,075,958,153, Dogecoin has gained 8.68 percent in the previous 24 hours. SHIB is now trading at $0.1534 and has a market size of $20,451,153,857, ranking #10.

Recent revisions to the DOGE/USD 4-hour price analysis

The market’s volatility is following a bullish pattern, with volatility following a closing movement, indicating that the cryptocurrency’s value is less likely to face turbulent change, according to Dogecoin price analysis. The DOGE/USD pricing appears to have become less susceptible to violent swings in either direction. The Bollinger’s band’s upper limit is $0.1587, which marks the most significant barrier for DOGE. The Bollinger’s band’s lower limit is located at $0.1394, which is the strongest support for DOGE.

The price of DOGE/USD appears to be crossing over the Moving Average’s curve, signalling a bullish trend. However, we may extrapolate from the DOGE/USD price’s journey that the price is moving towards resistance. If they meet in the future days, the bears may take advantage of the situation and reverse the market dynamic; for the time being, the market looks to be moving in the right direction, raising the value of the cryptocurrency.

Dogecoin price analysis: DOGE spikes towards $0.1580 1

The Relative Strength Index (RSI) stands at 58, indicating that the assets are stable and have entered the upper neutral zone. Furthermore, the RSI appears to be trending upward, indicating a rising market and inflationary action.

 

DOGE (Dogecoin) Price Analysis for Today: DOGE (Dogecoin) Price Analysis for Today: DOGE (Dogecoin) Price Analysis for Today:

The market’s volatility is exhibiting a latent trend, with the resistance and support bands moving toward one other, according to Dogecoin price research. The meme cryptocurrency’s price will remain stable till the volatility changes. The Bollinger’s band’s upper limit is at $0.1620, which acts as the strongest resistance for DOGE. The Bollinger’s band’s lower limit is located at $0.1317, which is the strongest support for DOGE.

 

The price of DOGE/USD appears to be crossing over the Moving Average’s curve, signalling a bullish trend. The meme cryptocurrency appears to have been trending in a bullish manner for the past few days, and it has managed to sustain that trend today as well. If the price breaks through the resistance, the bulls may not be able to maintain this trend for long.

Dogecoin price analysis: DOGE spikes towards $0.1580 2

The Relative Strength Index (RSI) is at 51, which implies that the value of the meme cryptocurrency is stable, dropping in the upper neutral range. The RSI appears to be trending slightly upwards, indicating that the price is rising; it also demonstrates the bulls’ commitment by providing strong momentum to the buying activity.

 

Conclusion of the Dogecoin Price Analysis

To summarise the Dogecoin price study, we can conclude that the meme cryptocurrency has entered a full bullish zone, where bulls will work hard to raise the value. The bulls have shown potential and will do all possible to keep the trend alive.

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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