The price of Dogecoin (DOGE) has recovered, rising to a high of $0.109 on October 29. The cryptocurrency broke through resistance at $0.08. The current uptrend is expected to reach the high of $0.11 before reversing.
After the price slump on October 10, Dogecoin (DOGE) has consolidated back above $0.057. The price movement has been limited as the altcoin consolidates above current support.
Dogecoin (DOGE) price has been in a downtrend since October 5 as it broke below the moving average lines. The cryptocurrency fell from a high of $0.066 to a low of $0.055 on October 13.
Dogecoin (DOGE) price is in a downward correction as buyers try to keep it above the 21-day line SMA. DOGE will rise above the 50-day line SMA if the price breaks above the 21-day line SMA.