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.
Dogecoin (DOGE) price is trading above the moving averages after the recent rally. Today, April 10, the DOGE price is trading at $0.14 after buyers were bounced at the high of $0.17.
Dogecoin (DOGE) is trading in the zone of uptrend as the altcoin has risen to the high of $0.15. Since March 28, buyers have been desperately trying to push the altcoin to the previous highs.
The price of Dogecoin (DOGE) has broken out above the moving averages, while the altcoin is reaching the high of $0.14. The altcoin was rejected at the recent high when the price fell above the moving averages. DOGE continues its uptrend above the moving averages.
The price of Dogecoin (DOGE) is in a downward correction as the altcoin faces another rejection of its recent high. The bulls have failed to break above the moving averages, while the bears continue to sell at the resistance level.