Dogecoin

Elon Musk is known for his support of the meme cryptocurrency Dogecoin. Every time he posts something about the altcoin, its price skyrockets. However, the community hopes that the billionaire will take DOGE even further - to Mars.

After a prolonged downtrend, Dogecoin (DOGE) fell to a low of $0.19 as the bulls bought the dips. Today, the altcoin is trading above support at $0.24 as we write this article.

The Dogecoin (DOGE) price has continued its downward correction despite most cryptocurrencies trading in the bullish trend zone. Today, the DOGE price faces rejection at the high of $0.22.

After the recent collapse, Dogecoin (DOGE) price is likely to continue its downward movement. The bears have already crossed below the moving averages, indicating further downside.

For the past two days, the price of Dogecoin (DOGE) has been on a downward trend. Today DOGE dropped to a low of $0.29.

Today, Dogecoin (DOGE) has corrected to $0.30, but faces a rejection of the recent high. The price has pulled back to the low of $0.28. If DOGE holds above the current support, the market will rise to break the initial resistance at $0.30.