Dogecoin finds strong resistance a $0.15 as prices struggle at $0.14

Dogecoin price analysis for March 30, 2022, comes on a bullish note for the token as chances of a bullish breakout seem quite low for the token. Moreover, we also noted in our DOGE price analysis for March 29, 2022, that the token has massive support at $0.14 which needs to hold in order to confirm an uptrend for the meme coin. The data from the technical analysis will reveal further details for DOGE investors.

The data from CoinMarketCap shows that the trading volume for Dogecoin has declined by 15.24% in the last 24 hours, followed by a 1.76% drop in the market cap. Moreover, the Market Dominance of the token has dropped to 0.89%, while the Volume / Market Cap Ratio has a value of 0.05183.

The daily candle for Dogecoin opened at a price of $0.144 and reached a daily high of $0.145. Furthermore, the daily low for the token stands at a price of $0.1379 and the price of 1 DOGE at the time of writing is $0.1435.

Dogecoin price analysis on the daily chart for March 30

Dogecoin price analysis on the daily chart for March 30 will take into account the readings from technical indicators from the daily chart.

Source: TradingView

The RSI indicator shows a value of 63.47 which means that the bulls are in charge and the chances of higher prices being witnessed seem high. Moreover, the line continues to make higher highs and investors can expect an uptrend.

The MACD line is above the signal line which means that the bulls are completely in charge of Dogecoin and the MACD histogram is also bullishly filled with green bars. 

The price action is testing the upper end of the Bollinger Bands and chances of Dogecoin retesting lower prices seem quite high for the short term. 

Conclusion

The Dogecoin price analysis for March 30, 2022, ends on a bullish note for the token as the chances of losing the $0.14 price zone seem low.