DOGE’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $0.1. DOGE faces a major test to trend higher above $0.1 after the price broke out of its long-range price movement. DOGE’s price remains strong above the 50 Exponential Moving Average (EMA) as it attempts to rally past a key area of $0.1. The price of Dogecoin (DOGE) has remained strong after breaking out of its long-range with good volume as it aims to capture the region of $0.1. The crypto market has appeared more stable this week, with Bitcoin (BTC) and Ethereum (ETH) experiencing significant price movement. This new relief rally in the crypto market has benefited smaller coins such as DogeCoin (DOGE), which has rallied from its downtrend movement to a range high of $0.055 to $0.07 as price attempts to rally higher. (Data from Binance) Related Reading: Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says Dogecoin (DOGE) Price Analysis On The Weekly Chart. Although many altcoins have struggled to trend in a range market, the price of DOGE has seen more of a downtrend move as the price of DOGE dropped from a high of $0.7 to a weekly low of $0.055, seeing more than an 80% decline in its price. DOGE’s declined from an all-time high of more than $0.7 to a region of $0.15 before rallying to a high of $0.35; the price of DOGE faced further rejection to its price to a range low of $0.23 where...
