- The Dogecoin price had a fairly positive weekend, with the price rising over the weekend.
- The current session sees DOGE up by almost 5% and could push higher.
The Dogecoin price recovered over the weekend after a fairly bearish few days. DOGE has pushed up significantly during the ongoing session, with buyers in control. DOGE had pushed up by 1.47% on Thursday but fell significantly on Friday after dropping by almost 9% and settling at $0.20. However, the weekend saw the price recover, pushing up by 2.11% on Saturday and 1.02% on Sunday. The current session sees DOGE at $0.21.
Dogecoin Price Chart Indicates DOGE Could Push To $0.22
The Dogecoin price started the previous weekend, rising marginally on Saturday and dropping by 3.34% on Sunday. The bearish sentiment persisted on Monday as DOGE fell by almost 3% and settled at $0.21. However, the price recovered on Tuesday, pushing up by 3.03% and moving to $0.22. However, the price fell back in the red on Wednesday, dropping by almost 4% and moving back to $0.21.
Image: DOGE/USD daily
After dropping by almost 4% on Wednesday, the Dogecoin price recovered on Thursday, rising by 1.47% and moving back up to $0.22. However, the price fell back in the red on Friday, registering a drop of almost 9% and settling at $0.20. Despite the bearish session on Friday, DOGE recovered over the weekend, rising by 2.11% on Saturday and 1.02% on Sunday to end the weekend on a fairly positive note. The bullish sentiment persisted on Monday, with the price currently up to $0.21.
We can see that the Parabolic SAR has flipped to bullish, indicating that the price could increase. However, if sellers retake the market, we could see it flip back to bearish.
IntoTheBlock’s IOMAP for the Dogecoin price indicates that DOGE faces strong resistance at around $0.22. At this price level, over 58,000 addresses have sold more than 6.5 billion DOGE.
The 4-hour Dogecoin price chart shows us that DOGE had dropped to $0.22 on the 22nd. The price remained bearish and dropped marginally before pushing above the 20-bar SMA on the 23rd, rising to $0.22. However, at this level, the 50-bar SMA was acting as resistance, and the price dropped down to $0.21, slipping back below the 20-bar SMA. DOGE pushed up again from this level, moving back above the 20-bar SMA and settling at $0.22, but it was unable to push beyond the 50-bar SMA and dropped to $0.19. DOGE recovered and pushed up to $0.20 but fell back before pushing above the 20-bar SMA on the 29th and moving to its current level of $0.21.
We can see that the Parabolic SAR and MACD are both bullish; however, if the price drops, we could see them both flip back to bearish.
Image: DOGE/USD 4-hour
DOGE Price Is Expected To Reach These Levels
Looking at the Dogecoin price chart, we can see that DOGE had recovered significantly over the weekend, with the price up by over 3% during the current session. If the current bullish sentiment persists, we could see the price push up to $0.22. However, if sellers retake the session, the price could drop to $0.20.