The price of Dogecoin (DOGE) has broken the 21-day line SMA, signalling the resumption of an upward movement. Dogecoin will come out of the downward correction if buyers push the altcoin above the 50-day line SMA. In the same way, the cryptocurrency will rise to reach the previous highs.
Dogecoin (DOGE) exchange rate fell further to the low of $0.05 on June 13. Bears broke below the previous low of $0.06 while bulls bought the dips. After the recent drop on June 13, the bulls stopped the further decline. Last week, the altcoin fluctuated between $0.050 and $0.063.
The price of Dogecoin (DOGE) is in a downward correction, but has resumed selling pressure. The cryptocurrency is declining to regain the previous low at $0.06. The recent decline is a rejection of the 21-day line SMA.
Dogecoin (DOGE) is in a downward correction as the altcoin falls below moving averages. In the last five days, the cryptocurrency has traded below the moving averages due to the rejection on May 27 and May 31.
The meme industry has become widely popular not only in social networks but also in crypto: that’s how Doge and Shiba tokens became viral. But often such coins are useless and have no ecosystem and tech base.
The price of Dogecoin (DOGE) is in a downtrend after the altcoin fell to a low of $0.06 on May 12. The cryptocurrency lost its crucial support at $0.10 when it fell to the low of $0.06. The altcoin took an upward correction to the high of $0.09, but was pushed back. DOGE has declined and is consolidating above the $0.08 support.
The price of Dogecoin (DOGE) is in a downtrend, but the market reached bearish exhaustion when the altcoin fell to $0.124 on April 30. After the downward impulse on April 30, the cryptocurrency has consolidated above the current support.