<strong><em>DOGE price rises higher, forming a rounding bottom reversal pattern and preparing a bullish breakout to reach the $0.10 mark.</em></strong>
<h3><strong>Key technical points:</strong></h3>
<ul>
 	<li>The DOGE market price has appreciated 13.14% over the past 24 hours.</li>
 	<li>The price action shows a rounding bottom pattern breakout.</li>
 	<li>The 24-hour trading volume of Dogecoin is $1.17 Billion, indicating a hike of 190%.</li>
</ul>
<h2>Past Performance of DOGE</h2>
<a href="https://coincodex.com/crypto/dogecoin/">DOGE price</a> action showcases a rounding bottom reversal with the buyers overtaking control near the psychological mark of $0.050. The double bottom pattern breakout at $0.050 propels the market value higher by 45% over the past week.

<img src="https://s3.tradingview.com/snapshots/f/FY2gsBsg.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/FY2gsBsg/">Tradingview</a>
<h2>DOGE Technical Analysis</h2>
The <a href="https://www.cryptoknowmics.com/news/doge-technical-analysis-will-dogecoin-surpass-the-0-065-mark/">DOGE</a> price jump surpasses the neckline of the rounding bottom pattern at $0.075, with the 5.34% bullish candle forming today. Hence, the candle closing above the neckline will make the bullish breakout official, increasing the likelihood of an uptrend continuation. The DMI indicator shows a bullish trend reversal as the crossover puts the DI lines back in the positive alignment. Moreover, the ADX line takes a sideways turn displaying a lost bearish momentum and a fresh start of bullish trend momentum.

The RSI indicator shows a phenomenal increase in the underlying bullishness as the slope surpasses the halfway line. Moreover, the 14-day SMA mimics the RSI and takes a bullish turnaround from the oversold boundary. The MACD indicator shows a positive trend in the fast and slow lines approaching the zero line after the recent bullish crossover. Furthermore, the rising trend in the MACD histograms reflects a growing buying pressure fueling the uptrend. Hence, the indicators and DOGE price action analysis go hand in hand, displaying a potential rise to the $0.10 mark.
<h2>Upcoming Trend</h2>
So if the buying pressure sustains to float DOGE prices above the $0.075 mark, prices will skyrocket to the $0.10 mark shortly.

<strong>Resistance Levels:</strong> $0.085 and $0.10

<strong>Support Levels:</strong> $0.060 and $0.05

DOGE Technical Analysis: Dogecoin Soon To Reclaim $0.10 Pillar

DOGE Technical Analysis shows the price rising higher, forming a rounding bottom reversal pattern and preparing a bullish breakout to reach the $0.10 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

DOGE Technical Analysis: Dogecoin Soon To Reclaim $0.10 Pillar

Top Picks