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Cryptopolitan 2021-08-21 06:45:11

Dogecoin Price Analysis: Dogecoin bulls pouncing on the $0.33 mark after bulls breached $0.30

TL;DR Breakdown Dogecoin price analysis is bullish after the price action hit crucial levelBuyers need to be more decisive in order to steer a solid uptrend dogecoin price rally is signaling positivity on the 1-hour chart with a breakout focused on the $0.33 mark Dogecoin Price Analysis General Overview Dogecoin price analysis is bullish after the price action hit a solid uptrend above a crucial resistance level at $0.30. As a result, the Dogecoin 24-hour chart has formed an ascending trend line and built strong support near the 200-day simple moving average. The meme coin witnessed several weakness signals while attempting to break out of this resistance level and got rejected multiple times. Pushing the bulls back to the $0.29 trend line to restructure and consolidate firmly against $0.30.  Buyers need to be more decisive in order to steer a solid uptrend beyond this point from now henceforth and make the $0.45 target, reality. A more substantial barrier lies between the current market price and the overhead target. The momentum will pick on if they are able to cross another price hurdle located at the $0.45. However, we are hoping that profit-taking sellers will not build a supply zone along this ascending channel.  24-hour Dogecoin Price Analysis: Bearish ease of movement suggests heightening supply zone During press time, a solid dogecoin price rally is signaling positivity on the 1-hour chart with a break...

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