- Dogecoin has started to recover its loss of valuation today; current price stands near its 50-day MA
DOGE opened on a negative note today as it broke the support level near $0.00174. As the coin has already recovered above $0.00174, it now poses as a support level after the S/R flip. At present, the coin has managed to reach as high as its 50-day SMA line.
- Yesterday’s consolidation took a bearish turn; Dogecoin price found a support level at $0.0017 after it declined by 12.95%
DOGE/USD was in a stable zone for the last couple of days; however, the same has seen a disturbance today. The coin has dipped as low as $0.0016 today, with a notable decline of 12.95%.
Dogecoin value was as high as $0.0019 when it opened yesterday, and over the last 24 hours, it has witnessed quite a bit of volatility on the downside.
- The price recovery has formed a rising pattern recently; tests barriers at $0.00178
Now, when the coin is on its recovery spree, it is to be seen how long does it lasts. Till now, the coin seems to be giving positive signs regarding its rebound. Dogecoin has formed a rising flag over the last few hours, and now the coin is testing resistance above $0.00178.
RSI indicator of the currency is stable right now at 49 while MACD is entering the positive zone. Meanwhile, the moving averages have started exploring the bearish zone. According to Dogecoin price prediction, the coin might reflect consolidation in the near term.