Dogecoin Has Formed A Bullish Reversal Pattern, What’s Next?

Dogecoin’s price has been optimistic over the last week. The coin secured double digit gains over the last seven days, it rose by nearly 20%. The meme-coin has been experiencing rigid resistance at the $0.07 level and if it trades around the current price level, it could fall to its next support line of $0.05. The bulls have tried to show signs of recovery as the coin tried to move upwards slowly over the past few days. On the shorter time frame, DOGE has lost some of its market value. Over the last 24 hours, Dogecoin depreciated by 4%. Technical outlook for the coin has also depicted some bullishness as the coin went north by almost 20%. Buying strength also recovered over the last week, but as the meme-coin depicted some bearishness over the shorter time frame, currently sellers are more in number. Even though on the four-hour chart DOGE depicted negative price movement, the coin has displayed a bullish reversal pattern. The global cryptocurrency market cap today is $979 Billion with a 2.9% fall in the last 24 hours. Dogecoin Price Analysis: One Day Chart DOGE was priced at $0.072 on the one hour chart. The coin has been stuck at the same resistance level for a couple of weeks now. A fall from the current price level will push Dogecoin to $0.060, failing to stay above which the coin can attempt to trade at $0.047. Overhead resistance for the coin stood at $0.08 and then at $0.09. On a relatively longer time frame, the ...