dogecoin The price was not moving in favor of the bulls until it triggered a positive recovery near $0.0605. The price consistently failed in attempts to climb above $0.07 and thus the $0.08 resistance became even more critical. On the other hand, the decline in mid-August weakened the bulls and hit sales volume. However, the latest data shows that things are getting better.
DOGE price tends to trigger an uptrend by managing to take advantage of the positive trend in the market. However, these increases are generally shorter-lived. As we reported as Koinfinans.com, since the Bitcoin price has exceeded $28,000 and offers a positive outlook, the meme coin price will try to benefit from this.
Dogecoin price has been maintaining the support zone between $0.0605 and $0.0626 since the beginning of 2023. Although September remained largely under the influence of decline, meme coin He defended his support levels well. This showed the strong presence of bulls accumulating strength to trigger a decent recovery. If the previous transaction occurs, DOGE price is poised to reach $0.08 before the end of monthly trading.
Dogecoin price is completing an uptrend that occurred in the past. The trend has completed with accumulation and will attempt to reach $0.08 over the next few weeks. However, since the volume remains low, it may inhibit the rise. Therefore, if the price rises above $0.07 before the weekend, a good rally towards important resistance can be expected. Otherwise, there is a possibility of rejection.