Dogecoin Price Analysis: DOGE targets new highs after a spike to $0.31 support?

TL;DR Breakdown Dogecoin price analysis indicates bullish momentum to follow today.DOGE/USD found support around $0.31 yesterday.Dogecoin is ready to push to $0.375 next. Dogecoin price analysis is bullish for today as a new higher low was established yesterday with a quick spike and rejection to the $0.31 mark. Therefore, we expect DOGE/USD to start trading higher over the next 24 hours and start its way towards the $0.375 next resistance. Cryptocurrency heat map. Source: Coin360 The overall cryptocurrency market trades in the red over the last 24 hours as bears took over the momentum overnight. The market leaders, Bitcoin and Ethereum, are down by 1.11 and 0.97 percent, respectively. Meanwhile, Dogecoin (DOGE) is among the worst performers, with a loss of 5.53 percent. Dogecoin price movement in the last 24 hours: Dogecoin sets a higher low around $0.31 DOGE/USD traded in a range of $0.3079 – $0.3403, indicating a moderate amount of volatility over the last 24 hours. Trading volume has seen a sharp decline of 29.72 percent and totals $5.9 billion. Meanwhile, the total market capitalization stands around $41.83 billion, ranking the cryptocurrency in 7th place overall. DOGE/USD 4-hour chart: DOGE prepares for another rally? On the 4-hour chart, we can see the Dogecoin price still establishing a base from which to rally higher later this week. DOGE/USD 4-hour chart. Source: TradingView Dogecoin price has rallied by a...