Dogecoin (DOGE/USD) Bull Market Enters the $0.0750 Price Zone
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The Dogecoin market found a strong bullish trend in the second half of June, and this trend has been supporting the bull market ever since as it reaches new price levels. The bull market encountered the $0.0750 resistance level on July 15 and tested it again on July 21. In today’s market, the price is now above this resistance level. The Dogecoin bulls need to continue this momentum to sustain the upward trend.
Dogecoin Market Data
- DOGE/USD Price Now: $0.0754
- DOGE/USD Market Cap: $10,663,145,651
- DOGE/USD Circulating Supply: 140,304,086,384 DOGE
- DOGE/USD Total Supply: 140,304,086,384
- DOGE/USD CoinMarketCap Ranking: #8
Key Levels
- Resistance: $0.078, $0.080, and $0.082.
- Support: $0.0660, $0.0630, and $0.0589
Price Prediction for Dogecoin: The Indicators’ Point of View
The Dogecoin Bulls have been able to conserve the bullish price by securing a higher support level at each of the price retracements. This has kept the price channel moving upward. The Bollinger Bands indicator portrays a market that is trending upward. As the market approaches the $0.075 resistance level, the outlook of the candlesticks reveals that the market has become more volatile. Today’s market is represented by a spinning top candle, and the volume indicator shows a stronger bar, indicating an influx of traders within the trading session.
DOGE/USD 4-Hour Chart Outlook
In the shorter time frame, the bulls seek support above the $0.0750 price level. With the appearance of a long-legged doji above this crucial price level, the bulls might eventually convert this resistance into their new higher support level. Going by these indications, the Dogecoin market has room for more bullish price performance.
