All eyes are now on the Dogecoin price waiting for the next big move. At the time of writing, the price of Dogecoin has fallen 5.32% to $0.13 in the previous 24 hours, following the overall market decline. As traders moved in and out of Dogecoin, Dogecoin's trading volume rose 87% to $1.28 billion in the previous 24 hours.
After four consecutive days of declines, #Dogecoin made a strong rebound on July 26, but bulls were unable to sustain the move as Dogecoin met resistance at a high of $0.1389 on July 27.
Since then, Dogecoin has retreated and continues to suffer losses. If it ends the day in the red, it will be the second day of decline.
If it rebounds, the bulls may try to push the price of Dogecoin above $0.14. If they succeed, Dogecoin may rise above USD 0.18, where the bulls may be met with strong bearish selling.
On the other hand, if the Dogecoin price turns down from the current levels, the USD 0.12 level will provide support. Below this level, selling could intensify and Dogecoin could rise to USD 0.10, where the bulls are expected to intervene.
Read us at: Compass Investments
