DOGE Technical Analysis: Breakout Rally Ready To Test $0.10

The DOGE price action shows the $0.072 breakout rally gaining trend momentum and ready to challenge the sellers at the psychological mark of $0.10. Key Technical Points: The Dogecoin (DOGE) price has increased by 15% in the last five days. The bull run exceeds the 100-day SMA and sustains above the $0.080 mark. With a market cap of $10.85 billion, the intraday trading volume of Dogecoin has decreased by 38% to reach $910 million. Past Performance of DOGE As predicted in our previous analysis, the Dogecoin (DOGE) price exceeds the supply zone at $0.072 with a 12% jump on 14th August. Moreover, the breakout rally retests the $0.075 breakout before regaining the prevailing trend momentum. Furthermore, the spike in trading volume supporting the breakout candle increases the likelihood of an uptrend continuation. Source – Tradingview DOGE Technical Analysis The 8.34% jump in DOGE prices engulfed the retest candle, increasing the possibility of an uptrend continuation to $0.093. Hence, traders can find short-term buying opportunities in the current market conditions. The decreasing gap between the 50 and 100-day SMA teases a bullish crossover as the market prices exceed the 100-day SMA. Hence, traders can expect the uptrend to reach the 200-day SMA slightly below the $0.10 mark. The MACD indicator displays an increase in the bullish gap between the fast and slow lines as the uptrend gains momentum. Furthermore, the rising trend in t...