DOGE’s price has recovered above the selling climax at $0.0705.
The meme token’s price has dropped 1.59% over the last 24 hours.
Investors and traders should prepare for a retest of the support level at $0.0813.
The price of Dogecoin (DOGE) is showing a clear sign that it will bounce off of a stable support level. With a small reset of DOGE’s bullish momentum, DOGE could enter into a quick rally.
DOGE’s price recovered above the selling climax at $0.0705 and rallied 32%. During this upward move, DOGE’s price flipped the $0.0813 hurdle into a support level. Investors may need to brace for a range tightening or a retest of the immediate support level at $0.0813 should the meme token’s price trade around the $0.0856 level.
CoinMarketCap shows that DOGE’s price stands at $0.08564 after it dropped 1.59% over the last 24 hours. Despite this, DOGE’s price is still up 2.02% over the last 7 days.