The DOGE technical analysis shows a rising trend, breaking above the $0.090 resistance with MACD indicating another swing in the uptrend. Will DOGE sustain the bull run?

Although most of the crypto markets remain bearish since early November, Dogecoin (DOGE) has been able to sustain its position by registering a 1.83% rise in the last 7 days. While the market cap declined by 2.85% to reach $11.60 billion in the last 24 hours, DOGE surged by 2.2% during the last 24 hours. However, at a circulating supply of 132.67 billion, the 43.48% plunge in DOGE’s 24 hours trading volume increases the reversal possibility. 
<h3>Key Points</h3>
<ul>
 	<li style="font-weight: 400">DOGE daily chart displays a bullish trend as prices broke above the $0.090 resistance</li>
 	<li style="font-weight: 400">RSI at 55 with MACD making a bullish crossover indicates an uptrend swing </li>
 	<li style="font-weight: 400">The intraday trading volume in DOGE is $589.55 million </li>
</ul>
<img src="https://s3.tradingview.com/snapshots/5/5ygfoUTt.png" alt="TradingView Chart" />

Source: <a href="https://www.tradingview.com/x/5ygfoUTt/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>DOGE Technical Analysis</h2>
Breaking above the $0.090 resistance, DOGE price actions maintain the bullish trend as buying spree continues. While DOGE prices pulled back from the 200-day SMA at $0.087, several low price rejection candles indicate another swing entry opportunity in the uptrend. Respecting the $0.075 support, after consolidating between the range of $0.086 and $0.086, DOGE prices witnessed a bullish breakout at $0.088, opening multiple entry opportunities for sideline traders. If the bullish momentum continues, DOGE may cross above $0.010 to make resistance at $0.150. On the contrary, if DOGE fails to maintain the bull cycle, it may again take support at $0.075.
<h2>Technical Indicators</h2>
Moving above the 14-day SMA, at 55.75 the RSI is showing a buying signal to the traders while making a bullish divergence, representing bullish sentiment in the market. On the other hand, MACD begins showing another upswing while making a bullish crossover along the halfway line as the histogram bar again turns bullish. 

The technical indicators show a bullish trend in the market with RSI crossing above the overbought zone multiple times, while the bullish MACD histogram indicates another bull run.

DOGE Technical Analysis: Bull Run Takes DOGE Above $0.090 Resistance 

The DOGE technical analysis shows a rising trend, breaking above the $0.090 resistance with MACD indicating another swing in the uptrend.

Sanjay Shukla is a Content Writer with Cryptoknowmics, India's biggest media platform in crypto. He has more than 8 years of experience in the Business and Finance domains. Sanjay writes excellent content on cryptocurrencies, trading, Bitcoin, and the share market, to help the readers have deep insight into the topic.

DOGE Technical Analysis: Bull Run Takes DOGE Above $0.090 Resistance

Top Picks