Dogecoin (DOGE) Price Analysis

Dogecoin (DOGE) has surged past the $0.110 resistance as sentiment changed to bullish over the past few days. The world’s most popular meme token is up almost 16% over the past seven days despite starting the current week experiencing significant volatility. DOGE ended the previous week on a bearish note, dropping over 3% on Sunday. Despite facing volatility on Monday, DOGE registered an increase of 1.41% and moved to $0.107. Tuesday saw buyers maintain control as DOGE rose to $0.110 after an increase of 2.23%.

Source: TradingView

However, with sellers active at this level, DOGE fell back on Wednesday, registering a drop of 1.91% to settle at $0.108. As markets rallied on Thursday, DOGE also picked up, rising by almost 10% to surge past the $0.110 level and move to $0.118. The current session sees DOGE continue to remain bullish, with the price up by almost 5%, having moved above $0.120 and trading at $0.123.