- DOGE breaks out of its range of $0.09 as price eyes a major rally to a high of $0.14
- DOGE’s price hold above a key region of 50 and 200 Exponential Moving averages (EMA) after a successful breakout and retest
The price of Dogecoin (DOGE) in the recent week has struggled to rally while other altcoins and Bitcoin continued to show so much strength, rallying with much price action and producing double-digit gains, with the price of DOGE remaining stagnant.
There was a discussion on Twitter from Dogedesigner that sparked the father of DOGE, “Elon Musk,” to react as this became a catalyst for the price of DOGE to break out of its range as the price has been forming an ascending triangle with more bullish momentum.
Elon Musk has had no hidden feelings as regards his admiration for Dogecoin (DOGE) as he believes DOGE makes mass adoption easier for all considering how defamatory it is and easily accessible for many people.
Four-Hourly Doge Price Analysis
The price of DOGE has not kept up with the market volatility in recent weeks as the price has struggled to break out of its ascending channel. With the price breaking out, it needs more buy volume to rally to a high of $0.14, where the price could face resistance to trend higher.
The price of Dogecoin holding above the region of $0.09 is good for buyers and for the price to rally higher; with the price gaining more traction, there is a growing need for the price of DOGE to rally to its major resistance of $0.14.
Image from Zipmex, chart from Tradingview.com