TL;DR Breakdown Dogecoin price analysis reaveals that bears are trying to break bullish momentum.The bears have taken the price levels down to $0.32.Recovery is possible if the support level remains at $0.31. The Dogecoin price analysis is dictating a sudden decrease in price after a stable bullish trend. The bears are desperately trying to take the price even lower than its current value which is at $ 0.321. There has been a definite response from the bears after an undisturbed bearish momentum taking place for hours. If the bears continue to regain strength, then there is a major chance of price going below $0.39 resistance as well. DOGE/USD 1-day price chart: Bulls loose negligible ground The 1-day chart showing cryptocurrency values is going towards a slightly bullish side today. There has been a huge momentum built from the side of Bulls in the last week, after which certain retraces of bears were spotted. Yet, today’s trend shows minimal recovery above $0.32, which is even above the Mean Average (MA) level i.e. $0.31. This is giving hope to the buyers, although the volatility is decreasing which is giving an opposite signal as per Dogecoin price analysis. DOGE/USD 1-day price chart. Source: TradingView The Bollinger bands are also very important in determining the ongoing market trends, and the upper Bollinger band is present at $0.36 while the lower band is at $0.39, respectively. As the previous week Dogecoin pr...
