Dogecoin aims to regain entry into the top 10: Jumps nearly 7%

Dogecoin price analysis for March 28, 2022, comes on a bullish note for the token as the chances of DOGE breaking into the top 10 cryptocurrencies in the space by market cap seem pretty high. It is important to note that DOGE has been one of the most bullish tokens in 2021 but as noted in our DOGE price analysis for March 25, 2022, the token found resistance at $0.14 and now aims to consolidate prices above this region.

The data from CoinMarketCap shows that the trading volume for Dogecoin has declined by 11.89% in the last 24 hours, followed by an 0.55% surge in the market cap. Moreover, the Market Dominance of the token has dropped to 0.91%, while the Volume / Market Cap Ratio has a value of 0.08061.

The daily candle for Dogecoin opened at a price of $0.1368 and reached a daily high of $0.1375. Furthermore, the daily low for the token stands at a price of $0.1345 and the price of 1 DOGE at the time of writing is $0.1363.

Dogecoin price analysis on the daily chart for March 28

Dogecoin price analysis on the daily chart for March 28 will take into account the 3 major indicators in the crypto space on the daily chart with the help of which, we will be able to make a prediction of future prices.

Source: TradingView

The MACD indicator shows that the MACD line and the signal line are far apart from each other and chances of a bullish breakout seem high.

The RSI indicator is about to enter the overbought region and soon, we might see Dogecoin enter the $0.15 price region.

The price action broke out of the upper end of the Bollinger Bands which means that the meme coin is in demand among the buyers.

Conclusion

Dogecoin price analysis for March 28, 2022, ends on a bullish note for the token as chances of entering $0.15 are very high.