BITTREX:DOGEUSD   Dogecoin
While Dogecoin remains above the support level at $0.2500, it has lacked enough bullish momentum to retest the psychological level of $0.3000. In the ensuing sessions, Dogecoin price will likely bounce back to and beyond the resistance level of $0.3000.

DOGE is hovering around 0.2800 as has been the case since Sunday. On a four-hour chart, it is trading along the 25-day EMA and slightly below the 50-day EMA. At the time of writing, it was up and at $0.2886.

In the near term, I expect Dogecoin price to remain within a tight range as 0.2800 remains a crucial level in its movements. The resultant horizontal channel will likely have its lower and upper borders at the week’s low of 0.2697 and along the 50-day EMA at 0.293 respectively.

A bullish breakout will likely push the crypto to the resistance level at 0.3000. However, this thesis will be invalidated by a move below last week’s low at 0.2647.

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