Technicals Suggest DOGE’s Price May Continue Its 24-Hour Rally
The largest meme coin by market cap, Dogecoin (
This 24-hour gain has also flipped its weekly performance into the green at +3.26%. DOGE’s price stands at $0.09267 at press time as a result.
Compared to the two crypto market leaders, Bitcoin (BTC) and Ethereum (
DOGE/USDT 4-hour chart (Source: CoinMarketCap)
The 4-hour chart for DOGE/USDT shows that the meme coin’s price has broken above the upper bound of the consolidation channel of $0.08397 and $0.09086. This follows after DOGE’s price entered into a short-term bullish rally, which took its price from a low of $0.08450 to a high of $0.09101.
The bullish pump has also caused the 9 EMA to cross bullishly above the 20 EMA line on DOGE’s 4-hour chart. In addition to this, the 4-hour RSI indicator has also flagged bullish, with the RSI line crossing above the RSI SMA line.
DOGE’s price is now trading at the 4-hour resistance level at $0.09505 as the market waits in anticipation for the JOLT’s Job Openings announcement that will be made tomorrow. Technical indicators on the 4-hour chart for DOGE suggest that the price of DOGE will break above the aforementioned resistance level in the coming 24 hours.
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