Dogecoin price analysis: DOGE prepares for comeback, eyes 35% upswing to $0.4

TL;DR Breakdown Dogecoin is ready for a reversal after a struggling period since Mid-AugustDemand zone bounce from $0.262 to $0.281 suggests a resurgence of buyersHowever, the bullish thesis will be invalidated if price falls below $0.24 support Dogecoin price analysis shows that the cryptocurrency is set for a more progressive shift upward, as it went past the $3 mark on September 2. After a lengthy retracement period that started after the August 16 high of $0.34, the critical support of $0.24 was breached, triggering an upswing. The larger demand zone is set between $0.26 to $0.28, but a breakout past this range is likely as support gathers. DOGE is up 14 percent since the start of the month, and is expected to test the resistance levels near $0.3028. The larger cryptocurrency market fluctuated downwards during the day after a positive start. The largest cryptocurrency Bitcoin managed to stay above the $50,000 mark after recording a loss of 0.23 percent. Ethereum was down 1.5 percent as well, to finish at $3,871 Altcoins performed worse, with Cardano down near 3 percent, Ripple 2.75 percent, the same as Polkadot. Dogecoin showed a different trend, rising 0.18 percent at the time of writing, to record at $0.29. Cryptocurrency Heat Map. Source: Coin360 DOGE/USD 24-hour chart: Bullish engulfing pattern confirmed as $0.3 mark continues to be tested The 24-hour chart for DOGE/USD pair confirms the appearance of a Bullish Eng...