Dogecoin (DOGE) Price Analysis
Dogecoin has broken through the psychological barrier in the past few days and completed a retracement, opening the door for an upward trend in the future. The price has consolidated above $0.13, which suggests that the coin is preparing to reach $0.15. However, a small obstacle may hinder the progress of the rebound, but the bulls seem ready to maintain a strong upward trend in the future.
DOGE price has broken through the descending trendline and entered a new bullish period. The RSI maintains a strong upward trend, while the Ichimoku Cloud is about to turn bullish. Therefore, Dogecoin price is expected to maintain an upward consolidation and enter a decisive range above $0.145. Here, the bulls are expected to show strength; otherwise, another break below $0.12 seems imminent.
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