$DOGE make-or-break moment: Can DOGE cross the crucial $0.1184 support? - AMBCrypto Analytics

Dogecoin [DOGE] was approaching a critical support level at $0.1184 that has been tested four times since the 19th of March.

This moderate slip in price comes after a recent moderate price surge in the last seven days. Recently, DOGE has not recorded any significant movement. 

The price has been consolidating around the support zone since the 19th of June. 

As of writing, DOGE was priced at $0.1184, up 1.25% in the last 24 hours and 3.38% in the last seven days, with its market capitalization at $17.4 billion.

However, trading volume has seen a significant surge of 25.71%, with $497.7 million worth of DOGE changing hands in the last 24 hours. 

This short-term dip in price and a long-term surge indicate that DOGE was going for a short term correction to the key support level.

The stochastic RSI was in an overbought zone, suggesting that a short term correction is on the horizon.