Dogecoin Price Analysis: DOGE consolidates above $0.29, slowly prepares for another rally?

TL;DR Breakdown Dogecoin price analysis is bullish for today.DOGE/USD traded in an increasingly tighter range over the last 24 hours.DOGE is ready to rally again. Dogecoin price analysis is bullish for today as the market has set a new higher low yesterday and since moved in an increasingly tighter range above $0.29 support. Therefore, we expect DOGE/USD to move higher later today and try to test previous highs. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded with mixed results over the last 24 hours. Bitcoin is down by 0.5 percent, while Ethereum is up by 1.11 percent. Meanwhile, Dogecoin is among the best performers, with a gain of 5.6 percent. Dogecoin price movement in the last 24 hours: Dogecoin moves sideways above $0.29 DOGE/USD traded in a range of $0.2905 – $0.3242, indicating a moderate amount of volatility over the last 24 hours. Trading volume totals $5.1 billion, which is down by 7 percent. The total market capitalization trades at $39.5 billion, ranking the coin in 7th place overall. DOGE/USD 4-hour chart: DOGE prepares to rally again? On the 4-hour chart, we can see the Dogecoin establishing a base above $0.29 overnight as bulls prepare for another rally today. DOGE/USD 4-hour chart. Source: TradingView Dogecoin price action has traded with a powerful bullish momentum over the past weeks. After a consolidation base was established around the $0.20 mark at the end of July, DOG...