Dogecoin price has been experiencing a lot of volatility in the last week, first rising to $0.0928 and dipping to $0.0786 before lifting again to trade highs around $0.0936.
Bulls seem very aggressive and are searching for the next escape to $1.00. However, Dogecoin price is still trading below $0.1, and the next few days could determine the direction it takes.After a stunning rally, Dogecoin price is holding very close to $0.1 – a level that could determine if DOGE is going to $1 or may consolidate a little longer, as investors book early gains.
The most popular meme coin holds above all the applied major moving averages, starting with the 50-day Exponential Moving Average (EMA) (in red) and forming a confluence support with the 100-day EMA (in blue) around $0.0811.Dogecoin price also sits above the 200-day EMA (in purple) and holds the ground at $0.0847.
Support is also provided by two rising trend lines: the upper accelerated one and the major trendline, as observed on the chart.A bullish outlook is anticipated in the upcoming sessions, possibly strong enough to lift Dogecoin price above $0.1.Read more on cryptonews.com