Dogecoin price analysis: DOGE increases its value to $0.0628 after a strong bullish movement

Dogecoin Price Analysis

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Categories: Cryptocurrency

Dogecoin price analysis: DOGE increases its value to $0.0628 after a strong bullish movement

Dogecoin price analysis for September 3, 2022, shows the meme cryptocurrency following a positive movement for the last 48 hours. The price spiked from $0.0608 to $0.0641 on September 2, 2021. Dogecoin gained a positive movement the next day and significantly increased its value. Today the cryptocurrency continues a bullish movement and is at $0.0628 at the time of writing.

Dogecoin has been up 0.85% in the last 24 hours with a trading volume of $317,332,688 and a live market cap of $8,301,461,083, and DOGE currently ranks at #10. However, the cryptocurrency shows potential for a reversal as the recent price analysis indicates the DOGE cost is moving toward the resistance.

  • Dogecoin price analysis is bullish today.
  • The strongest resistance is present at $0.0816.
  • The strongest support is present at $0.0605.

DOGE/USD 4-hour price analysis: Recent developments

Dogecoin price analysis seems to show the market following a positive movement, with the market’s volatility entering a squeeze, consequently closing the market. This makes the price of the cryptocurrency less prone to experience volatile change on either extreme. As a result, Bollinger’s band upper limit is present at $0.0630, representing the strongest resistance for DOGE. Conversely, the lower limit of Bollinger’s band is present at $0.0605, representing the strongest support for the meme cryptocurrency.

The DOGE/USD appears to cross over the curve of the Moving Average, indicating a bullish movement. The price seems to move upwards towards the resistance, attempting to break it. As the volatility happens to close, this could be in favor of the bulls, as a breakout would explode the volatility providing more room to the bulls for further activity.

Dogecoin price analysis for 24 hours

Dogecoin price analysis shows the market to be following a decreasing movement, with its volatility on the rise. In addition, the market appears to be undergoing an opening movement, indicating future volatility bursts. This makes the DOGE price more prone to undergo change on either extreme. The upper limit of Bollinger’s band exists at $0.0816, serving as the strongest resistance of DOGE. Conversely, the lower limit of Bollinger’s band is at $0.0546, representing the strongest support for DOGE.

Dogecoin appears to follow a bullish movement, with the DOGE/USD price crossing over the curve of the Moving Average. The downward movement indicates an inclining market for the meme cryptocurrency. The price attempts to meet the resistance in a day or two. If they happen to meet, the market will break and reverse the market dynamic.

Dogecoin Price Analysis Conclusion

Dogecoin price analysis reveals the cryptocurrency following a bullish movement, showing further bullish potential. However, the market shows colossal potential for a reversal in the coming days. If the bulls manage to use it to their advantage, they might engulf the market and help raise the price of Dogecoin beyond expectations.

Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called "cryptocurrency"; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure.

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